CNP Assurances issued Tier 3 bonds for 500 million euros

PARIS (Agefi-Dow Jones)–The CNP Assurances group announced on Friday that it had placed 500 million euros of bonds in its first Tier 3 subordinated issue. “These are seven-year bonds bearing interest at fixed rate of 1.25% until January 27, 2029,” the insurer said in a statement. “This issue constitutes Tier 3 regulatory capital in accordance with the Solvency 2 directive,” said CNP Assurances. The issue, which was oversubscribed 2.2 times with a total order book of 1.1 billion euros, allows the group “to prepare for the next bond maturities while maintaining financial flexibility for bond issues. subordinated debts”, specified CNP. ([email protected]) editor: VLV

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January 21, 2022 12:00 PM ET (17:00 GMT)