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Axa SA Goes Ahead With 30-Year Subordinated Euro Bond-DJ

Thursday, 17 Jan 2013 03:05am EST 

Dow Jones reported that Axa SA is moving ahead with plans to sell subordinated bond, one of the banks running the deal said January 17, 2013. The euro-denominated bond will mature in July 2043 and is non-callable for 10 years. Suggested pricing on the bond is 350-360 basis points over midswaps. BNP Paribas, Credit Agricole, Citigroup, HSBC, Natixis, Royal Bank of Scotland and Societe Generale are the lead managers of the sale. 

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