CNP ASSURANCES (EPA:CNP) - CNP Assurances announces the successful issue of €500 million Tier 2 subordinated notes with 10 years maturity and 2.75% fixed rate

Transparency directive : regulatory news

01/02/2019 17:48

PRESS RELEASE

                                                      Paris, 1 February 2019

   Not for release in the United States, in Canada, in Japan and in Australia

    CNP Assurances announces the successful issue of EUR500 million Tier 2
       subordinated notes with 10 years maturity and 2.75% fixed rate

CNP Assurances successfully completed its first issue of Tier 2 subordinated
notes under the EMTN programme set up in December 2018.

These EUR500m dated 10 years bullet notes bear a 2.75% fixed rate. This is the
lowest fixed coupon paid by CNP Assurances for a Tier 2 subordinated note.

The notes are rated BBB+ by Standard & Poor's and A3 by Moody's.

This issuance will allow CNP Assurances to prepare next call dates and to
optimize its capital structure, while maintaining its financial flexibility to
issue Restricted Tier 1, Tier 2 and Tier 3 subordinated notes. The proceeds of
the notes will be eligible for inclusion in Solvency II regulatory capital.

More than 6 times oversubscribed, the issue was quickly placed with around 220
institutional European and Asian investors on 25 January 2019. Its success
confirms the confidence of bond investors in the solidity of the CNP Assurances
Group.

The settlement of the notes, which will be admitted to trading on Euronext
Paris, will take place on 5 February 2019.

The EMTN programme base prospectus is available for download from the Company's
website www.cnp.fr. The final terms of this transaction will be shortly
available for download from the Company's website www.cnp.fr and the website of
the AMF (Autorité des Marchés Financiers) www.amf-france.org.

About CNP Assurances
CNP Assurances is the largest provider of personal insurance in France with net
profit of EUR1,285 million in 2017. The Group operates in Europe and Latin
America, where it is very active in Brazil, its second largest market.

It provides over 38 million people with provident and health insurance
worldwide and provides over 14 million people with savings products and pension
policies. As an insurance, coinsurance and reinsurance provider, CNP Assurances
designs innovative provident and savings solutions. These are distributed by
numerous partners according to their distribution methods - from physical
networks to entirely online - and clients' needs in each country.

CNP Assurances has been listed on the Paris Stock Exchange since October 1998
and relies on a stable shareholder base (Caisse des Dépôts, La Banque
Postale, Groupe BPCE and the French government).

Contacts
Press
Florence de Montmarin         / 01 42 18 86 51
Tamara Bernard                / 01 42 18 86 19

servicepresse@cnp.fr

Investors and analysts
Nicolas Legrand               / 01 42 18 65 95
Jean-Yves Icole               / 01 42 18 86 70
Typhaine Lissot               / 01 42 18 83 66
Julien Rouch                  / 01 42 18 94 93

infofi@cnp.fr

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05/04/2024 18:18

CNP ASSURANCES (EPA:CNP) - CNP Assurances announces the successful issue of €500 million Tier 2 subordinated notes with 10 years maturity and 2.75% fixed rate

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