sur CREDIT COOPERATIF
Crédit Agricole Assurances Successfully Launches €750 Million "Restricted Tier 1" Notes
Crédit Agricole Assurances announced the successful completion of its first issue of perpetual super subordinated "Restricted Tier 1" notes. The total nominal amount is €750 million, with an initial annual fixed interest rate of 6.250%, resetting in 2035. This strategic move aligns with the company's capital management policy, in anticipation of the expiry of transitional measures allowing older securities to qualify as "Tier 1" capital under Solvency II regulations.
The notes are structured to be eligible for "Tier 1" capital qualification, incorporating a loss absorption mechanism. They have been rated "BBB" by Standard & Poor's. Strong investor demand was evidenced by subscription intentions exceeding the nominal issue amount over threefold.
R. H.
Copyright © 2025 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de CREDIT COOPERATIF