CNP Assurances postpones green T2

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By David Freitas
08 Jul 2019

CNP Assurances has decided to postpone its sale of a green tier two capital bond until later this year. The French insurance company, which is restructuring, had intended to sell a security with a rare format in the bond market.

It had been planning a €500m 10 year bullet tier two bond, in green format.

A roadshow began on June 25, with Bank of America Merrill Lynch, Crédit Agricole, HSBC, JP Morgan, Natixis, Société Générale as lead managers.

There had been a good deal ...

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