Axa brings out tier two ‘bonanza’ after XL deal

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Axa brings out tier two ‘bonanza’ after XL deal

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The logo of the insurance company AXA can be seen in Konstanz, Germany, 29 July 2016. PHOTO: PATRICK SEEGER/dpa | Patrick Seeger/DPA/PA Images

Axa started the bond market portion of the financing of its acquisition of XL Group on Wednesday, attracting books of more than €4.1bn for a tier two debt deal.

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