Groupama has successfully carried out the issue of a subordinated debt for a principal amount of EUR 500 million

Core Viewpoint - Groupama has successfully issued Euro-denominated Fixed Rate subordinated notes amounting to EUR 500 million, taking advantage of favorable market conditions to optimize its capital structure, with significant investor interest leading to oversubscription of more than five times [1][2]. Groupama's New Issue Details - Issuer: Groupama Assurances Mutuelles [2] - Expected rating of the notes: BBB+ by Fitch [2] - Issue amount: EUR 500 million [2] - Pricing date: 19 May 2025 [2] - Settlement date: 26 May 2025 [2] - Annual coupon: 4.375% [2] - ISIN: FR001400ZUC0 [2] - Joint bookrunners: Natixis, Barclays, BNP Paribas, Citigroup, J.P. Morgan, and Morgan Stanley [2] - Trading admission: The new notes will be admitted to trading on Euronext Paris [2]. Groupama Overview - Groupama has over 100 years of experience and is based on humanist values aimed at helping individuals build their lives with confidence [4]. - The Group operates under two brands, Groupama and Gan, and is one of the leading mutual insurers in France [4]. - Groupama has 12 million members and customers, with a workforce of 32,000 employees globally, and reported premium income of EUR 18.5 billion [4].