Core Viewpoint - Groupama has issued EUR 600 million in fixed-rate Restricted Tier1 perpetual notes to optimize its capital structure, taking advantage of favorable market conditions, with strong investor interest leading to oversubscription by more than four times [1]. Groupama's New Issue Details - Issuer: Groupama Assurances Mutuelles [2] - Rating of the notes: BBB by Fitch Ratings [2] - Issue amount: EUR 600 million [2] - Pricing date: 7 January 2026 [2] - Settlement date: 14 January 2026 [2] - Coupon: 5.750 percent [2] - ISIN: FR0014014IQ4 [2] - Joint bookrunners include J.P. Morgan, Citigroup, Crédit Agricole CIB, Morgan Stanley, Natixis, and Société Générale CIB [2] - The new notes will be traded on Euronext Paris [2] Additional Information - The prospectus for the new notes will be available on Groupama's website and the website of the Autorité des marchés financiers [3]