AXA has successfully placed €750 million of Regulation S senior unsecured notes due 2033 with institutional investors, with part of the proceeds going towards debt refinancing.

In its announcement, the global insurer said: “The notes will be used for general corporate purposes, including the refinancing of part of the group’s outstanding debt.

“The notes will have a fixed annual coupon of 3.625%. Investor demand was strong with a book subscribed close to three times.”

AXA added that settlement of the notes is likely to take place next Tuesday, January 10. The notes are also expected to be rated A+/stable and A1/stable, respectively, by Standard & Poor’s and Moody’s.