AXA places first green bond for $1bn

Credit: Shutterstock/Monthira

AXA has placed its first subordinated green bonds worth €1bn, which are due in 2041. Issued under the group’s new Sustainability Bond Framework, AXA said investor demand has been strong. More than 100 institutional investors – mainly European asset managers, insurers and pension funds – have bought the bonds. The insurer said the first green bond issuance has increased its…

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