CNP ASSURANCES (EPA:CNP) - Successful €500m Tier 2 notes issue

Transparency directive : regulatory news

06/10/2021 07:44

Press Release
Paris, October 6 2021

                     Successful EUR500m Tier 2 notes issue

CNP Assurances has successfully placed EUR500 million worth of notes due 12
October 2053 and paying interest at 1.875% until 12 October 2033. The notes
qualify as Tier 2 capital under Solvency II.

The notes were placed with over 55 investors, 51% of whom were asset managers
and 45% insurers and pension funds, mainly based in France, Germany/Austria and
the UK/Ireland. The issue was oversubscribed by 1.8x with a total order book of
EUR0.9 million, reflecting their confidence in the financial strength of CNP
Assurances.

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 BBB+ by Fitch..

Settlement is scheduled for October 12 2021.The final terms of the issue have
been published on the Company's website, www.cnp.fr and on the Autorité des
Marchés Financiers' website, www.amf-france.org.

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 mo re than 36 million personal
risk/protection insureds worldwide and mo re 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 Bourse since October 1998 and is a
subsidiary of La Banque Postale. The Group re ported net profit of EUR1,350
million in 2020.

Press contacts

Florence de Montmarin +33 (0)1 42 18 86 51
Tamara Bernard        +33 (0)1 42 18 86 19
Caroline Ceintrey     +33 (0)1 42 18 85 73
servicepresse@cnp.fr

Investors and analysts

Céline BYL          | +33 (0)1 42 18 77 95
Typhaine Lissot       +33 (0)1 42 18 83 66
Julien Rouch          +33 (0)1 42 18 94 93
infofi@cnp.fr

Follow us on: Twitter, Linkedin, Facebook

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)

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