CNP ASSURANCES (EPA:CNP) - CNP Assurances announces the establishment of a Euro Medium Term Notes programme

Transparency directive : regulatory news

26/12/2018 17:35

PRESS RELEASE

Paris, 26 December 2018

   CNP Assurances announces the establishment of a Euro Medium Term Notes
                                    programme

CNP Assurances announces that its new Euro Medium Term Notes (EMTN) programme
(the "Programme") received visa from the Autorité des marchés financiers
(AMF) on 21 December 2018.

The establishment of the Programme will strengthen CNP Assurances financial
flexibility allowing it to seize opportunities on the bond market more rapidly
through issuances of subordinated or senior notes, by means of public or
private placements and in different currencies. It is fully in line with the
Group's financing strategy aiming at constantly seeking to diversify its
investor base, both in terms of geographies and currencies -as evidenced by the
bonds it placed in EUR, USD and GBP- and to adapt its capital structure on a
regular basis taking into account its growth prospects in Europe and Latin
America, Solvency 2 own funds requirements and  Moody's  and  Standard & Poor's
rating agencies criteria.

The EUR7 billion amount of the Programme is consistent with the current nominal
of CNP Assurances' outstanding subordinated notes. As a reminder, the maximum
amount of bonds issues currently authorized by the Board of Directors is EUR1.5
billion per year(1). The securities to be issued shall be admitted to trading
on Euronext Paris.

The base prospectus is available on the AMF's website (www.amf-france.org) and
on CNP Assurances' website (www.cnp.fr, heading "Credit Rating and Debt
Issuances").

(1) Decision of the Board of Directors of 21 February 2018 updated on an annual
basis.

About CNP Assurances

CNP Assurances is the largest provider of personal insurance in France with net
profits of EUR1,285 million in 2017. The Group operates in Europe and Latin
America, where it is very active in Brazil, its second largest market.

It provides over 38 million people with provident and health insurance
worldwide and provides over 14 million people with savings products and pension
policies. As an insurance, coinsurance and reinsurance provider, CNP Assurances
designs innovative provident and savings solutions. These are distributed by
numerous partners according to their distribution methods - from physical
networks to entirely online - and clients' needs in each country.

CNP Assurances has been listed on the Paris Stock Exchange since October 1998
and relies on a stable shareholder base (Caisse des Dépôts, La Banque
Postale, Groupe BPCE and the French government).

Contacts

Press
Florence de Montmarin | +33 1 42 18 86 51
Tamara Bernard       | +33 1 42 18 86 19

Investors and analysts
Vincent Damas       | +33 1 42 18 71 31
Jean-Yves Icole       | +33 1 42 18 86 70
Typhaine Lissot       | +33 1 42 18 83 66
Julien Rouch          | +33 1 42 18 94 93

infofi@cnp.fr

servicepresse@cnp.fr

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CNP ASSURANCES (EPA:CNP) - CNP Assurances announces the establishment of a Euro Medium Term Notes programme

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