AXA plans to redeem fixed-to-floating-rate deeply subordinated notes

By Sarah Lizee

Olympia, Wash., Sept. 20 – AXA plans to redeem its €334.5 million of outstanding fixed-to-floating-rate undated deeply subordinated notes on Oct. 5, according to a notice from the issuer.

The notes, which were issued on Oct. 5, 2007, will be redeemed at par plus accrued interest up to but excluding the redemption date, amounting to €62.11 per €1,000 in nominal amount.

Paris-based AXA engages in global insurance, investment management and other financial services.

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