CNP reveals deep appetite for insurance paper

By Nathan Collins
13 Nov 2014

CNP Assurances drew a blowout order book for a perpetual non-call 10 deal this week, providing encouragement for — though a difficult precedent to beat — for a brace of insurance companies also expected to tap the market in the immediate future.

The final order book of around €7bn will prove encouraging to the other insurance companies eyeing the market, particularly given the issuer’s ability to aggressively tighten pricing from initial price thoughts.

“That CNP can draw so much demand when more supply is expected from issuers like Generali and ...

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