(CercleFinance.com) – AXA announces today that it has successfully completed the placement with institutional investors of an issue of Reg S subordinated bonds for an amount of 1.25 billion euros maturing in 2042.
This issue is carried out to finance general needs, in particular the refinancing of part of the existing debts.
The initial fixed coupon is 1.875% per annum until the end of the 6-month prepayment period (in July 2032), then the coupon becomes variable based on the 3-month EURIBOR with a margin including a mark-up of interest of 100 basis points.