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AXA BANK EUROPE SCF, has mandated..........>

ISSUANCE
MNI (London)
ISSUANCE: AXA BANK EUROPE SCF, has mandated Commerzbank, Credit Agricole CIB,
ING, Natixis, SG CIB and UniCredit as Joint Lead Managers for its upcoming EUR
dual-tranche Obligations Foncieres transaction backed by prime Belgian and
French mortgage collateral. 
- The deal will carry a E750mln (no grow) 7-year and a E500mln (no grow)
15y-year tranche, issued under AXA BANK EUROPE SCF's EMTN programme. 
- The transaction is expected to be rated Aaa by Moody's and AAA by Fitch. 
- The deal is due to be launched in the near future, subject to market
conditions. 

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