AXA announces successful placement of €750m senior notes

Written by Michael Griffiths

05/01/2023

AXA has announced that it has successfully placed €750m of Reg S senior unsecured notes, that are due in 2033, with institutional investors.

The notes will be used for general corporate purposes, including the refinancing of part of the group’s outstanding debt.

AXA revealed that the notes will have a fixed annual coupon of 3.625% and that investor demand was “strong”, with a book subscribed close to three times.

“The notes are expected to be rated A+/Stable by Standard & Poor’s and A1/Stable by Moody’s,” AXA stated. “The settlement of the notes is expected to take place on 10 January 2023.”

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