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Axa issues €2B in fixed floating-rate bonds

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Axa issues €2B in fixed floating-rate bonds

French insurer Axa issued €2 billion in fixed floating-rate bonds, Investopoli reported March 22.

The notes, which will mature May 28, 2049, carry a 3.250% until 2029, after which the coupon becomes 3.200% plus the three-month Euro Interbank Offered Rate.

Barclays, BNP Paribas, Citigroup, Credit Agricole CIB, Deutsche Bank, HSBC, ING Wholesale Banking London, JP Morgan, Natixis, Société Générale and UniCredit served as book runners on the issuance, according to a same-day Cbonds report.