CNP Assurances has successfully placed EUR750 million worth of notes due 30
June 2051 and paying interest at 2.5% until 30 June 2031. The notes qualify as
Tier 2 capital under Solvency II.
The notes were placed with over 100 investors, based mainly in France, the
United Kingdom and Ireland, Germany, Austria, Italy, Spain and Switzerland. The
order book totalled over EUR1.2 billion, attesting to their confidence in CNP
Assurances' financial strength. The notes were priced at 265 basis points over
the mid-swap rate.
The issue ensures that the Group has the funds in place for its upcoming debt
maturities and it also contributes to optimising the balance sheet structure.
The notes are rated BBB+ by Standard & Poor's and A3 by Moody's.
Settlement-delivery took place today and the notes have been admitted to
trading on Euronext Paris. The final terms of the issue have been published on
the Company's website, www.cnp.fr and on the Autorité des Marchés Financiers'
About CNP Assurances
A benchmark player in the French personal insurance market, CNP Assurances is
active in 19 countries in Europe and Latin America, with a significant presence
in Brazil, its second largest market. Acting as an insurer, co -insurer and
reinsurer, CNP Assurances develops innovative personal risk/protection and
savings/pensions solutions. It has more than 38 million personal
risk/protection insureds worldwide and more than 12 million savings/pensions
policyholders. In line with its business model, the Group's solutions are
distributed by multiple partners. The solutions are aligned with each partner's
physical or digital distribution model, while also being tailored to local
clients' needs in each country.
CNP Assurances has been listed on the Paris Stock Exchange since October 1998.
The Group reported net profit of EUR1,412 million in 2019.
CNP Assurances / Headquarters: 4, place Raoul Dautry 75716 Paris cedex 15 -
00 33 1 42 18 88 88 / www.cnp.fr / Société anonyme. Paid up capital
EUR686,618,477 / Registration no. 341 737 062 RCS Paris - Governed by the
French Insurance Code
(Code des assurances)