CNP Assurances €750 million bond issue

Overview:

• French insurer CNP Assurances issued €750 million subordinated bonds, due June 2047.
• The bonds have a 4.5% fixed rate coupon for the first 11.5 years, and will then be converted to a floating rate.
• Barclays Bank, JPMorgan Securities, Natixis and UBS acted as joint lead managers. 

John Crabb - Journalist