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

Download the Green bond - 2019 Annual report

 

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