CNP Assurances Successfully Issues €500 Million Tier 2 Bond

CNP Assurances SA has concluded a successful issuance of €500 million in Tier 2 subordinated bonds. The bonds have a maturity of thirty-and-a-half years but can be called after 10.5 years, with a fixed interest rate of 5.375% until 2037. These bonds are classified as Tier 2 capital under the Solvency II directive.

The issuance attracted over 85 investors and was oversubscribed threefold, with an order book totaling €1.5 billion, showing strong confidence in CNP Assurances' financial stability. Investors included asset managers, insurers, pension funds, and private banks from various regions, primarily France, the UK/Ireland, and Germany/Austria/Switzerland.

The notes received ratings of BBB+ from Standard & Poor’s and A3 from Moody’s. Settlement is scheduled for November 17, 2026.