CNP Assurances Exercises Early Redemption of €225M Subordinated Notes

On January 27, 2026, CNP Assurances announced its decision to exercise the early redemption option of its €225 million subordinated notes, with ISIN FR0010167247. These notes, initially issued on March 11, 2005, are perpetual floating-rate subordinated bonds. The early redemption, scheduled for March 11, 2026, aligns with the terms specified in the offering circular dated March 9, 2005.

This strategic move comes as the instrument no longer qualifies as Tier 1 regulatory capital since January 1, 2026, pursuant to Article 308b of the Solvency II Directive. By executing this early redemption, CNP Assurances aims to optimize its capital structure while considering its future growth and opportunities in the capital markets.