AXA announces the successful placement of Euro 850 million senior notes due 2030

download

Press Release

PDF 283.3 Kb

press contacts

October 6, 2022

published at 5:45 PM CEST

AXA today announced the successful placement of Euro 850 million of Reg S senior unsecured notes due 2030 with institutional investors. The notes will bear a fixed coupon of 3.75% per annum. Investor demand was strong with a book subscribed close to 3 times.

The notes are expected to be rated A+/Stable by Standard & Poor’s, A1/Stable by Moody’s and A+/Positive by Fitch.

The settlement of the notes is expected to take place on October 12th, 2022.

The issuance is part of AXA Group’s funding plan for 2022 and the proceeds will be used for general corporate purposes, including the refinancing of part of the Group’s outstanding debt. In particular, it follows the completion on September 26th, 2022, of a cash tender offer* on two series of AXA SA subordinated notes, for a total debt amount repurchased of USD 616 million**.

The issuance announced today brings the total net debt issuance for the Group to ca. Euro 1 billion since January 1st, 2022.

* Announced on August 29th, 2022

** Details of the terms of the cash tender offer available at https://www.axa.com/en/investor/regulated-informations-financial-operations

Contacts

Investor Relations

Media relations