Partner
Deals & Disputes
Gide on the first Tier 3 subordinated issuance by CNP Assurances
Gide advised CNP Assurances on the issuance of its Tier 3 subordinated bonds issuance for an amount of EUR 1 billion due 2022, bearing interest at a fixed rate of 1.875%; admitted to trading on Euronext Paris. Allen & Overy Paris advised the joint lead managers.
This is the first issue of Tier 3 euro-denominated subordinated bonds by a European insurer since the beginning of 2016, date of the entry into force of the Solvency 2 Directive.
Gide’s team was led by partner Hubert du Vignaux, assisted by Bastien Raisse and Laure Bellenger.