Report
Delphine Chauvin

La Poste : FAQ about Groupe La Poste’s new hybrid bond

La Poste intends to issue a new perpetual subordinated bond, with an early redemption option in January 2026 (seven years and eight months). This is the first issue of this type by the group, which has not returned to the bond market for three years. In this note, we present a brief overview of the group, its current hot topics (M&A strategy, discussions surrounding its capital structure and a merger with CNP Assurances) and the structure of this new bond, which will be rated ‘BB’. - - - - - - - - - >
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Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Chauvin

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