The Zacks Analyst Blog Highlights: Aflac, Goldman Sachs Group, Mizuho Financial Group, Morgan Stanley and JP Morgan Chase

    The Zacks Analyst Blog Highlights: Aflac, Goldman Sachs Group, Mizuho
             Financial Group, Morgan Stanley and JP Morgan Chase

PR Newswire

CHICAGO, June 10, 2013

CHICAGO, June 10, 2013 /PRNewswire/ announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Aflac Inc. (NYSE:AFL-Free
Report), Goldman Sachs Group Inc. (NYSE:-GS-Free Report), Mizuho Financial
Group Inc. (NYSE:MFG-Free Report), Morgan Stanley (NYSE:MS-Free Report) and JP
Morgan Chase & Co. (NYSE:JPM-Free Report).


Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Friday's Analyst Blog:

Aflac Values $700M Notes

Earlier this week, Aflac Inc. (NYSE:AFL-Free Report) announced the pricing of
long-term fixed rate notes worth $750 million in order to redeem the prior
debt and gain capital flexibility.

Accordingly, this tranche of 10-year fixed rate senior notes worth $700
million is issued at a price of $100.00. Moreover, both the coupon rate and
expected yield for the notes are pegged at 3.625%.

Further, Aflac has appointed Goldman Sachs & Co. of Goldman Sachs Group Inc.
(NYSE:-GS-Free Report), Mizuho Securities USA Inc. of Mizuho Financial Group
Inc. (NYSE:MFG-Free Report), Morgan Stanley & Co. LLC of Morgan Stanley
(NYSE:MS-Free Report), and J.P. Morgan Securities LLC of JP Morgan Chase & Co.
(NYSE:JPM-Free Report) as its joint book-running managers.

Meanwhile, management plans to use the proceeds from the sale of these notes
to prepay Aflac's 1.47% Samurai notes worth $347 million (28.7 billion yen)
that is due in Jul 2014 along with its interest of 5.5 billion yen.

Additionally, Aflac plans to redeem long-term notes worth $300 million,
bearing an interest of 3.45%, which are scheduled to mature in Aug 2015. The
remaining amount of the proceeds is expected to inject ample liquidity over
the next two years by utilizing funds for general corporate and capital

On the other hand, ratings agency A.M. Best has cast an "a-" debt rating on
the issued notes with a stable outlook. Last month, the ratings agency had
also reiterated its credit and insurance strength ratings on Aflac. A.M. Best
remains confident about the company's core operating strength.

Along with a strong brand name, Aflac enjoys a solid business model and
healthy risk-based capitalization with reduced asset impairments. Healthy
financial leverage and interest-coverage ratios also reflect a minimal risk
exposure and strong solvency ratio.

While Aflac, Goldman and Morgan Stanley carry a Zacks Rank #3 (Hold), JP
Morgan and Mizuho Financial are pegged at Zacks rank #2 (Buy).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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