Gide on the exchange offer by Groupama SA of its existing undated subordinated notes issued in 2005 and 2007 for new undated subordinated notes

Gide advised BNP Paribas, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and HSBC Bank plc, and Allen & Overy Paris advised Groupama SA on an exchange offer on its outstanding (i) €500,000,000 Fixed to Floating Rate Undated Senior Subordinated Notes issued in 2005 and (ii) €1,000,000,000 Fixed to Floating Rate Undated Deeply Subordinated Notes issued in 2007, both admitted to trading on Euronext Paris, for €1,000,000,000 Fixed to Floating Rate Undated Senior Subordinated Notes.

Groupama SA also issued €100,000,000 within the same series as the €1,000,000,000 issued under the exchange, resulting in a total issued amount of €1,100,000,000 Fixed to Floating Rate Undated Senior Subordinated Notes, also admitted to trading on Euronext Paris.

The exchange offer was launched on 7 May 2014 and settled on 28 May 2014.

Gide’s team was led by Hubert du Vignaux (partner, capital markets) assisted by Théophile Strebelle and Romain Querenet de Breville.

Allen & Overy’s team was led by Hervé Ekué (partner, capital markets) assisted by Soline Louvigny and Quentin Herry.