Aflac Sells Entire Greek Debt, Cuts Exposure To Hybrid Securities – Update
Health and life insurance service provider Aflac Inc. (AFL) said Monday that it has sold its entire holdings of Greek sovereign debt totaling $270 million of par value, and reduced its exposure to perpetual or hybrid securities by about $725 million through two separate transactions. These transactions are expected to ease concerns about the company’s holdings of risky debt.

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