AXA has announced that it has placed with institutional investors a €1bn issue of perpetual Restricted Tier 1 bonds and €1bn of Tier 2 bonds maturing in 2055.

The insurer specifies that the Restricted Tier 1 bonds will have a fixed annual interest rate of 5.750% until December 2, 2030, and the Tier 2 bonds will have a fixed annual interest rate of 4.375% until 24 July 2035.

These issues are part of AXA's financing plan for 2025 and the proceeds will be allocated to financing its general needs, including the refinancing of part of its existing debt. Settlement of the bonds is scheduled for 2 June.


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