Sub scales new highs as AXA gets tier two tweaks for free

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Sub scales new highs as AXA gets tier two tweaks for free

Financial institutions bankers were this week hoping that the huge response to a Eu1.3bn 30 non-call 10 year step-up tier two issue bond sold by French insurer Axa would lead other borrowers to come to the market and tap into the extraordinary thirst for subordinated debt displayed by investors.

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