Axos Financial, Inc. (AX) on Wednesday said it has priced its $200 million public offering of 7% fixed-to-floating rate subordinated notes due 2035.
The company expects to use the proceeds from the offering to repay its $175 million subordinated notes due 2030, which are set to reprice at about 9%, as well as to support growth initiatives at its subsidiaries and for general corporate purposes.
The notes will bear interest at 7% per year, beginning April 1, 2026. From October 1, 2030, until October 1, 2035, or an earlier redemption date, interest will accrue at a floating rate equal to the then-current three-month Term SOFR plus 379 basis points.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.