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AXA Places EUR750 Million Tier 2 Subordinated Notes Due 2057

MT Newswires·11/04/2026 23:47:44
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11:47 PM EST, 11/04/2026 (MT Newswires) -- AXA (CS.PA) placed 750 million euros of Tier 2 dated subordinated notes due 2057 with institutional investors, according to a Wednesday release. The notes pay a fixed annual interest rate of 5.375% until May 25, 2037, the first call date. After that, the rate floats at three-month EURIBOR plus 295 basis points. Settlement is expected on Nov. 6. The Paris-listed insurer will use the proceeds for general corporate purposes, including refinancing part of its outstanding debt.