Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 24-01-2017 | Practice Area: | Debt Capital Markets |
| Deal Title: | AXA Fixed to Floating Subordinated Notes due 2047 | Industry: | Nonlife Insurance |
| Description: |
White and Case LLP advised AXA on its issuance of dated fixed to floating subordinated notes due 2047 for a total amount of USD1 billion.
The notes had an initial interest at a fixed rate of 5.125 percent per annum, payable semi-annually until the first call date in January 2027 and at a floating rate thereafter, with a margin including a 100 basis points step-up.
The notes, which were structured to be eligible as Tier 2 capital under Solvency II, were subordinated to all senior obligations of AXA. They were issued on January 17, 2017 and admitted to trading on the Luxembourg Stock Exchange.
|
||
| Financial Center: | Paris | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | White & Case |
| Issuer Jurisdiction | France | Listing Jurisdiction | France |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Severin Robillard |
