CNP Assurances to Redeem €75 Million Subordinated Notes Early

CNP Assurances has announced the early redemption of its €75 million subordinated notes, identified by ISIN: FR0010203026. Originally issued on June 27, 2005, these perpetual fixed-rate subordinated bonds will be redeemed on June 29, 2026. This action is taken in accordance with the Condition 6(c) of the terms set out in the 2005 offering circular, triggered by regulatory changes.

The notes have been deemed ineligible as Tier 1 regulatory capital since January 1, 2026, as per Article 308b of the Solvency II Directive. This move allows CNP Assurances to optimize its capital structure, aligning with its future development prospects and market opportunities. Further details can be found on CNP's official website.