CNP blurs lines between sub and senior for popular T3
![Crowd 230x150](https://assets.euromoneydigital.com/dims4/default/69047b2/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F6d%2F5e%2F5bbfa7bbc89ba20a101fb24a1d64%2Fcrowd-230x150.jpg)
CNP Assurances attracted more than €7bn orders for the first tier three insurance bond in euros. The investor-friendly format offered a pick-up over senior paper, and may have lifted the lid on a cheap source of capital.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: