January 11, 2017 / 5:29 PM / 8 months ago

BRIEF-AXA successfully places $1 billion dated subordinated notes due 2047

Jan 11 (Reuters) - AXA SA :

* Announces successful placement of $1 billion dated subordinated notes due 2047

* Initial coupon has been set at 5.125 pct per annum

* Coupon will be fixed until the first call date in January 2027 and floating thereafter with a margin including a 100 basis points step-up

* Settlement of the notes is expected to take place on January 17, 2017 Source text: bit.ly/2j8d2gA Further company coverage: (Gdynia Newsroom)

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