SCOR successfully places EUR 500 million subordinated notes maturing in 2055

Group 1 - SCOR successfully placed EUR 500 million subordinated notes maturing in 2055, which are eligible as Tier 2 regulatory capital under Solvency II, indicating strong investor demand for the transaction [1][3] - The initial fixed rate of the notes is set at 4.522% per annum, payable annually until 2035, after which it will switch to a variable rate based on 3-month EURIBOR plus a margin [2][3] - The estimated net proceeds from the notes will be utilized for general corporate purposes, including financing a concurrent tender offer for EUR 600 million subordinated notes due in 2046 [3] Group 2 - SCOR generated premiums of EUR 20.1 billion in 2024 and operates in over 150 countries with 37 offices globally, showcasing its extensive market presence [7] - The notes are rated A- by S&P Global Ratings Europe Limited, reflecting the company's creditworthiness [3]