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AXA Axa Asia Fpo

0.00

0.00 (0.00%)

- - Closed

Delayed by 20 minutes

Share Name	Share Symbol	Market	Type
Axa Asia Fpo	ASX:AXA	Australian Stock Exchange	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0.00	-

AMP Launches A$600 Million Note Issue To Fund AXA APH Acquisition

22/03/2011 1:51am

Dow Jones News

Axa Asia Pacific Holdings (ASX:AXA)
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AMP Ltd. (AMP.AU) said Tuesday it has launched a 600 million Australian dollar (US$602.4 million) note issue to help fund its acquisition of the Australian and New Zealand operations of AXA Asia Pacific Holdings Ltd. (AXA.AU).

The floating rate subordinated exchangeable notes that mature on March 26, 2021 will be offered to institutional investors at 250 basis points over the three month bank bill swap rate, the company said.

AXA SA (AXAHY), which is buying AXA APH's Asian operations, has agreed to purchase the notes that aren't allocated to other investors.

-By Rebecca Thurlow, Dow Jones Newswires; 61-2-8272-4679; rebecca.thurlow@dowjones.com