Investors lavish attention on CNP sub deal

By Graham Bippart
29 May 2014

French insurer CNP Assurances highlighted the scale of demand for sub debt from insurance companies on Tuesday, drawing a monster order book for its first deal in almost a year.

Bank of America Merrill Lynch, Crédit Agricole, Deutsche Bank, Morgan Stanley, Natixis and Société Générale sold the €500m 31 year non-call 11 year notes in a week when no other subordinated debt deals from European financials were to be found, likely helping attract investors ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial