CNP adds to flurry of green T2s from insurers

CNP_Alamy_230x150
By David Freitas
20 Nov 2019

CNP Assurances won healthy demand for a green tier two capital bond issue this week, as insurance companies begin to embrace the idea of printing capital instruments as socially responsible investments.

The French insurer was marketing a long 30 year non-call 10 deal. Leads Bank of America, Crédit Agricole, HSBC, JP Morgan, Natixis and Société Généralewent out with price thoughts of 220bp area over mid-swaps on Wednesday.

Demand for the securities grew quickly and steadily. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.