Axa blasts through order books with ‘once in a lifetime’ RT1

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Axa blasts through order books with ‘once in a lifetime’ RT1

GlobalCapital Axa RT1 debut 001.jpg

◆ French insurer raises €1.5bn from debut RT1 ◆ Deal reaches peak demand of €8bn even when pricing was through perceived FV ◆ Rare asset makes finding accurate FV very difficult as other deals have low coupons

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