CNP Assurances : First issuance of subordinated RT1
Publication date 19/06/2018 16:58 - Writing date 19/06/2018 16:57 - - - - - - - /Interim results on 30 July - - - - - - - - - - - - - - - - - - - CNP Assurances is due to issue shortly its first perpetual Restricted Tier 1 (RT1) note callable in 2028 and of benchmark size, rated 'Baa3/BBB-'. - We discuss in this report the key points for understanding and monitoring this new bond issue, including the distances to each trigger of non-payment of coupons and/or writedown of the princip...CNP Assurances is an insurance company. Co. designs, develops, distributes and manages savings, pension & personal risk, and term creditor products. Co. offers savings products and insurance against the risks of everyday life to its customers. Co.'s operations are organized along three business segments. The Savings business concerns products enabling policyholders to build up capital which they can cash in. The Pensions business concerns products designed to enable policyholders to receive an annuity or lump sum on retirement. The Personal Risk business includes products enabling policyholders to insure against the risks of death, accident or illness, property damage or liability claims.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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