CNP makes assured return to T3

FrenchEuro_Adobe_575x375
By Frank Jackman
01 Dec 2020

CNP Assurances ventured out with a rare tier three deal on Tuesday, becoming only the second issuer this year to tap the format in euros.

The French insurer last issued a tier three instrument in December 2019, when it raised €250m with a 0.8% January 2027 bullet bond via HSBC.

It set out to sell another deal in the format this week, opening books for a March 2028 note through Citi, Credit ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial