CNP Assurances announces the early redemption of its €225,000,000 subordinated notes ISIN: FR0010167247, issued on the 11th of march 2005.
This instrument is a perpetual floating-rate subordinated bond with a current outstanding principal amount of €225,000,000, for which early redemption will occur on 11 March 2026 with respect to all outstanding Notes,in accordance with the Condition 6(c) (Redemption for Regulatory Reasons), of the terms and conditions set out in the offering circular dated 9 March 2005.
As this instrument is no longer eligible as Tier 1 regulatory capital since 1 January 2026 (in accordance with Article 308b of the Solvency II Directive), this exercise will enable CNP Assurances to optimise its capital structure, taking into account its development prospects and the opportunities offered by the capital markets.
Details of the terms and conditions are available on the website by clicking here.