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Axa - Tender Offer (Any and all) - Results

AXA announces results and pricing of its Cash Tender Offer for its outstanding £750,000,000 Fixed to Floating Rate Subordinated Notes due 2054


27 APRIL 2023


Full announcement including disclaimers and offer restrictions available via luxse


"Results


The Expiration Deadline for the Offer was 5.00 p.m. (Central European time) on 26 April 2023. As at the Expiration Deadline, £610,501,000 in aggregate nominal amount of Notes was validly tendered for purchase pursuant to the Offer. The Offerorhereby announces that it has decided to accept for purchase all Notes validly tendered pursuant to the Offer.


Pricing


Pricing for the Offer took place at 12.00 p.m. (Central European time) today. A summary of the pricing for the Offer appears below:"


 

AXA announces Cash Tender Offer for its outstanding £750,000,000 Fixed to Floating Rate Subordinated Notes due 2054


19 APRIL 2023


Full announcement including disclaimers and offer restrictions available via AXA


"19 April 2023. AXA (the “Offeror”) announces today an invitation to eligible holders of its outstanding £750,000,000 Fixed to Floating Rate Subordinated Notes due 2054 (ISIN: XS1004674450) (the “Notes”) to tender any and all of such Notes for purchase by the Offeror for cash subject to the satisfaction (or waiver by the Offeror) of the conditions, all as further described in the tender offer memorandum dated 19 April 2023 (the “Tender Offer Memorandum”) (such invitation, the “Offer”)."


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"Summary of the Offer


A summary of certain of the terms of the Offer appears below:"


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"Rationale for the Offer


The Offer is being made as part of the Offeror’s active management of its debt structure.

Notes purchased by the Offeror pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold."

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