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03.04.2013 / GLOBAL DEBT MARKETS AND DEBT CAPITAL MARKETS


January 2013 - Crédit Agricole CIB supports AXA in the subordinated bond markets


Crédit Agricole CIB supported AXA in placing several subordinated bond issues (Reg S) to refinance part of its existing debt maturing in 2014.

On January 17 Crédit Agricole CIB acted as joint bookrunner for a subordinated bond issue with an undetermined maturity. This USD 850 million issue was mainly placed with Asian investors and more specifically with private banks.

On January 18 Crédit Agricole CIB acted as joint bookrunner and global coordinator for a subordinated bond issue maturing in 2043. This EUR 1 billion issue was mainly placed with European institutional investors.

Both transactions meet the capital Tier 2 eligibility criteria required under Solvency 2.

Crédit Agricole CIB, which is one of AXA’s core banks, accompanied this client in its strategic financing transactions in the capital markets.