Thanks to AXA SA, AMP has announced that the company does not have to raise any additional finances to aid the joint proposal it is looking at with AXA Asia Pacific Holdings Ltd. As confirmed by AMP Chief Executive Craig Dunn, the company's committed cash contribution to the $11 Billion deal with AXA APH is being funded by AXA SA which has promised to provide $500 Million worth of subordinate debt.

"That subordinated debt will facilitate our cost contribution as well as fund the integration costs that we expect were the proposal to go ahead. So the bottom line is there is no new capital being raised of an equity nature", shared Dunn.

AXA SA's Regional Chief Executive for Japan and Asia Pacific has confirmed that the Paris based division would be injecting as much as 2 Billion Euros for the sale of raising capital in various markets.

Post the announcement, AXA APH shares surged as much as 28% in the Monday morning trading, and by later in the day, the shares has climbed by 30.47% to trade at $5.61.