AXA calls $225 million subordinated floating-rate notes

By William Gullotti

Buffalo, N.Y., July 13 – AXA will redeem all of its $225 million undated subordinated callable floating-rate notes (ISIN: XS0185672291) on Aug. 7, according to a notice on Thursday.

The notes will be redeemed at par plus accrued interest for a redemption price of $1,016.97 per $1,000 principal amount, which includes $16.97 per $1,000 accrued interest up to, but excluding, the redemption date.

BNP Paribas, Luxembourg Branch is the paying agent.

The notes were issued under the insurer’s €5 billion euro medium-term note program on Feb. 6, 2004.

AXA is a Paris-based insurance company.

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