Groupama has successfully carried out the issue of a subordinated debt for a principal amount of EUR 500 million

Groupama announced the issue on 19 May 2025 of Euro-denominated Fixed Rate subordinated notes due 2035 placed with institutional investors for a principal amount of EUR 500 million. The new notes priced at MS+190, resulting in an annual coupon of 4.375%. The purpose of this transaction was to take advantage of current supportive market conditions to optimize the group’s capital structure. Investors showed significant interest with the order book more than 5 times oversubscribed. The main terms of the new is ...