SCOR Completes EUR 500 Million Notes Issuance

SCOR SE, a major global reinsurer, has successfully placed EUR 500 million in fixed to floating rate subordinated notes, maturing in 2056, with institutional investors. These notes, which align with Tier 2 regulatory capital under Solvency II, initially carry a fixed interest rate of 4.510% per annum until 2036, post which they transition to a variable rate linked to the 3-month EURIBOR plus a margin. The notes are rated “A3” by Moody's France SAS, indicating solid investment quality.

The proceeds are earmarked for general corporate purposes and to finance concurrent tender offers for specific other notes. Settlement is expected by June 2026, with trading admission sought on the Luxembourg Stock Exchange's regulated market. This issuance reflects SCOR's strategic financial maneuvers amid strong investor interest.