AXA Global P&C Announces the Successful Placement of €350 Million of Catastrophe Bonds

AXA Global P&C announced today the successful placement of €350 million of catastrophe bonds to institutional investors, the largest issuance of catastrophe bonds in euros so far. There are two classes of notes: the Class A notes, for an amount of €185 million maturing in January 2017, and the Class B notes, for an amount of €165 million maturing in January 2018, each class providing protection on different risk levels.