Crédit Agricole Assurances annonce le lancement d’une offre de rachat portant sur deux souches d’obligations subordonnées à taux fixe révisable et son intention d’émettre des obligations subordonnées Tier 2

Core Viewpoint - Crédit Agricole Assurances is launching a buyback offer for two series of subordinated fixed-rate bonds and intends to issue new Tier 2 subordinated notes, subject to market conditions [1][6]. Group 1: Buyback Offer Details - The buyback offer targets two series of subordinated bonds issued in 2016 and 2018, each with a principal amount of €1 billion, with fixed annual interest rates of 4.75% and 2.625% respectively [2][3]. - The buyback offer will commence on January 8, 2026, and conclude on January 15, 2026, at 16:00 Central European Time [4]. - The maximum acceptance amount for the buyback will be determined by Crédit Agricole Assurances and may be adjusted at their discretion [3]. Group 2: New Subordinated Notes - The new subordinated notes are expected to be eligible as Tier 2 capital under Solvency II and are anticipated to be rated BBB+ by S&P Global Ratings [6]. - The new notes will have a fixed interest rate and are set to mature in December 2036 [1][6]. Group 3: Company Overview - Crédit Agricole Assurances is the leading insurer in France, offering a range of insurance products and services, and had a revenue of €43.6 billion in 2024 [8]. - The company employs over 6,700 staff and distributes its products through the Crédit Agricole banking group in France and nine other countries [8].