Bond

Despite a pullback in bond yields, clients at our Solving for 2024 event were still uncertain about how to invest in a world of runaway government debt.

With this transaction on a 5-year maturity, Sfil extends its dollar reference curve by a further 2 years and contributes to diversifying its medium- to long-term financing sources after 2 euro transactions launched during the 1st half at 5 and 7 years.

The last decade has seen a growth bias among financial assets, one that has become entrenched in equity indices. At the same time, bonds seemingly shed much of their protective qualities, offering investors very little by way of diversification.

A player in ecological and social transition, CNP Assurances announces the successful issue of its first sustainable bond, carried out on January 11, 2023, for an amount of €500 million. The fixed annual coupon is 5,25% until july 18, 2033 and then will be floating beyond this date and until its maturity.

CNP Assurances has successfully completed its first Tier 3 subordinated issue of the year, placing €500 million worth of seven-year notes due 27 January 2029 and paying interest at 1.25%. The notes qualify as Tier 3 capital under Solvency II.