2024 - AXA: public takeover bid on two series of bonds

(CercleFinance.com) – AXA announces today a cash tender offer for each of the two series of subordinated bonds.

The transaction relates to the Subordinated Notes in the amount of 1,250,000,000 US dollars bearing interest at a fixed rate of 8.60% and maturing on December 15, 2030 and Series B of the Perpetual Super-Subordinated Notes at Fixed then Variable for an amount of 750,000,000 US dollars (bearing interest at a fixed rate of 6.379% until the first date of early redemption in 2036).

Each public tender offer is subject to a maximum redemption amount of 500,000,000 US dollars for the Subordinated Notes bearing interest at a fixed rate of 8.60% and maturing on December 15, 2030, and to a maximum redemption amount of 300,000,000 US dollars for Series B of Perpetual Super-Subordinated Bonds at Fixed and then Floating Rates.

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