Groupama Assurances Mutuelles will issue €500 million of 2.125% senior subordinated notes due Sept. 16, 2029, outside France on Sept. 16.
Interest on the notes will be paid annually on Sept. 16, starting Sept. 16, 2020. Unless previously redeemed, purchased or canceled, the notes will be redeemed at their principal amount of €100,000 per note on Sept. 16, 2029.
Proceeds from the issuance will be used for general corporate purposes.
J.P. Morgan Securities PLC is serving as sole structuring agent for the offering. J.P. Morgan Securities PLC, BNP Paribas, Citigroup Global Markets Ltd., Crédit Agricole Corporate and Investment Bank, HSBC Bank PLC and Natixis act as joint book-running managers. BNP Paribas Securities Services is the fiscal agent and paying agent.
