ABN and Axa in Synergie

News

Dutch bank ABN Amro and Axa Investment Managers (Axa IM) have closed a principal- protected long/short credit note called Synergie, which has been sold to institutional investors in Europe, Asia and the Middle East.

The notes were issued in euros and dollars with maturities of 10 and eight years respectively, with the euro notes paying a contingent coupon of 50 basis points over Euribor and the dollar notes paying a contingent coupon of 100bp over Libor.

The notes will be managed by Axa IM, wh

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