AXA announces the placement of Euro 750 million Restricted Tier 1 Notes and Euro 750 million Tier 2 Notes

AXA today announced the placement of Euro 750 million of Reg S perpetual deeply subordinated notes (the “Restricted Tier 1 Notes”) and Euro 750 million of Reg S subordinated notes due 2056 (the “Tier 2 Notes” and together with the Restricted Tier 1 Notes, the “Notes”) with institutional investors. These issuances are part of AXA Group’s funding plan, and the proceeds will be used for general corporate purpose, including the refinancing of part of AXA Group’s outstanding debt. The settlement of the Notes is expected to take place on October 16, 2025.Restricted Tier 1 Notes:The Restricted Tier 1 Notes will have a fixed annual interest rate of 5.125% until March 16, 2032, the last day of the 6-month call window period, following which the interest rate will reset and every five years thereafter at the prevailing Euro 5-year Mid Swap rate plus a margin of 278.4 basis points.The Restricted Tier 1 Notes qualify as Restricted Tier 1 capital under Solvency II. In line with the Solvency II requirements, they feature a loss absorption mechanism in the form of a write-down* of the nominal amount of the Restricted Tier 1 Notes in the event that one of the solvency-related triggers** is breached***. Interest payments are at the full discretion of AXA unless they are mandatorily prohibited. The Restricted Tier 1 Notes will be treated as capital from a regulatory and rating agency perspective within applicable limits.They are expected to be rated BBB+ by Standard & Poor’s and A3 (hyb) by Moody’s.Tier 2 Notes:The Tier 2 Notes will have a fixed annual interest rate of 4.125% until July 24, 2036, the last day of the 6-month call window period, following which the interest rate will be a floating rate based on 3-month EURIBOR plus a margin of 258 basis points.The Tier 2 Notes qualify as Tier 2 capital under Solvency II. They will be treated as capital from a regulatory and rating agency perspective within applicable limits.They are expected to be rated A- by Standard & Poor’s and A1(hyb) by Moody’s.* With discretionary reinstatement subject to conditions as further described in the Prospectus dated October 14, 2025** As defined in the Prospectus dated October 14, 2025*** Either at AXA Group level or at AXA SA solo levelWeiter zum vollständigen Artikel bei AXA SAShs Weiter zum vollständigen Artikel bei AXA SAShs