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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Axa | EU:CS | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.44 | -1.38% | 31.43 | 31.31 | 31.60 | 32.00 | 30.50 | 32.00 | 5,611,738 | 16:40:00 |
From May 2019 to May 2024
By Nathan Allen
AXA SA (CS.FR) said Monday that it raised $4.02 billion from the initial public offering of its U.S. subsidiary AXA Equitable Holdings Inc. (EQH).
The French insurer said it sold 24.5% of AXA Equitable Holdings's share capital at $20 a share for a total of $2.75 billion.
AXA also said it issued $750 million of mandatory exchangeable bonds, which will mature in 2021, and raised $500 million in additional proceeds.
AXA said it considers the financing of its planned $15.3 billion acquisition of insurer XL Group Ltd. (XL) is now secured, as it is not dependent on the issuance of any additional debt.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
May 14, 2018 13:20 ET (17:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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