June 30, 2020 / 4:25 PM / 12 days ago

BRIEF-CNP Assurances: Successful EUR 750 Million Tier 2 Notes Issue

June 30 (Reuters) - CNP ASSURANCES SA:

* SUCCESSFUL EUR 750M TIER 2 NOTES ISSUE

* CNP ASSURANCES HAS SUCCESSFULLY PLACED €750 MILLION WORTH OF NOTES DUE 30 JUNE 2051 AND PAYING INTEREST AT 2.5% UNTIL 30 JUNE 2031

* THE NOTES QUALIFY AS TIER 2 CAPITAL UNDER SOLVENCY II

* ISSUE ENSURES THAT GROUP HAS FUNDS IN PLACE FOR ITS UPCOMING DEBT MATURITIES AND IT ALSO CONTRIBUTES TO OPTIMISING BALANCE SHEET STRUCTURE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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