Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3 (6 lettori)

waltermasoni

Caribbean Trader
DEAL: Groupama EUR500m 2.125% Sep 2029 10yr T2 at MS+240

Reoffer Price]: 98.9620

[Yield]: 2.242
[CUSIP/ISIN]: FR0013447125
[Spread]: MS+240 / B+281.8



Fitch Rates Groupama's Proposed Dated Subordinated Notes 'BBB(EXP)'
09 SEP 2019 04:47 AM ET



Fitch Ratings - Paris - 09 September 2019:

Fitch Ratings has assigned Groupama Assurance Mutuelles' (Groupama; IFS A/IDR A-/ Positive) proposed dated subordinated Tiers 2 euro notes an expected rating of 'BBB(EXP)'. The final rating is contingent on the receipt of final documents conforming materially to the preliminary documentation reviewed.



The notes are rated two notches below Groupama's 'A-' Long-Term IDR, comprising a notch each for recovery and for moderate non-performance risk.

The proceeds of the notes are to be used for general corporate purposes and for strengthening Groupama's capital.
 

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