CNP Assurances issues different types of subordinated liabilities that are an important component of its capital management policy. The Group's financial flexibility is based on the strong track record of access to debt capital markets. CNP Assurances constantly seeks to diversify its investor base in terms of geographical areas and currencies, as evidenced by the bonds issued in EUR, USD and GBP.
Finally, CNP Assurances has issued its inaugural green bond in November 2019.
The Group regularly adjusts its capital structure taking into account growth prospects in Europe and Latin America, Solvency 2 capital requirements, Moody’s and Standard & Poor's rating agencies criteria and the opportunities offered by capital markets.
Green Bond
Download CNP Assurances' green bond framework
Download Vigeo Eiris's second party opinion on the green bond framework
Download Green bond investor presentation november 2019
Subordinated liabilities issued by CNP Assurances
To read the main features of the subordinated liabilities issued by the CNP Assurances group, please download the document below. For more details, please refer to the latest annual report.
Download the table of subordinated liabilities issued by CNP Assurances
Subordinated liabilities redeemed by CNP Assurances
To read the main features of the subordinated liabilities redeemed by the Group after supervisor approval, please download the document below.
Download the table of subordinated liabilities redeemed by CNP Assurances
EMTN Programme 2020
Download the universal registration document 2019
Download the base prospectus 2020
EMTN Programme 2018
The base prospectus of the €7 billion Euro Medium Term Notes programme received visa from the Autorité des marchés financiers on 21 December 2018.
Download the base prospectus 2018
Download the reference document 2018
Download the 1st supplement dated 2019-06-06 to the 2018 base prospectus
Download the 2nd supplement dated 2019-06-20 to the 2018 base prospectus
Download the 3rd supplement dated 2019-06-28 to the 2018 base prospectus
Download the 4th supplement dated 2019-11-15 to the 2018 base prospectus