Crédit Agricole Assurances launches its first issue of perpetual bonds

Crédit Agricole Assurances plans, subject to market conditions, to launch its first issue of perpetual super-subordinated bonds, classified as “Restricted Tier 1”. This issue will be in euros, with a fixed initial interest rate and will be revalued in 2035.

This initiative is part of Crédit Agricole Assurances' capital management strategy. It anticipates the expiry of the transitional measures of December 2025, which allowed certain securities to qualify as Tier 1 capital under Solvency II regulations.

The bonds will be eligible for Tier 1 qualification and are expected to receive a “BBB” rating from Standard & Poor’s. A listing on Euronext Paris is envisaged, subject to regulatory approval.