France’s Axa Plans Dollar Bond as Bond Sales Hit Six-Month High
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Axa SA and Yuexiu Property Co. plan to meet investors in Asia about possible U.S. dollar-denominated notes as weekly sales in the Asia-Pacific region rose to a six-month high. Bond risk in the region fell.
Axa, Europe’s second-largest insurer and Yuexiu, a Hong Kong-listed property developer, are planning Reg S dollar bonds, according to people familiar with the matter. Agile Property Holdings Ltd., a realtor based in Guangzhou, southern China, is marketing perpetual securities at about 8.375 percent. Hong Kong Broadband Network Ltd. is offering five-year bonds to yield 5.25 to 5.375 percent, people familiar with the matter said.