France’s Groupama to sell €650 million 6% 10-year tier 2 notes at par

Portland, Ore., Jan. 17 – France-based insurance company Groupama SA announced in a Tuesday pre-stabilization notice that it will sell €650 million of 6% non-callable 10-year tier 2 senior subordinated notes at par.

J.P. Morgan Securities plc, Credit Agricole CIB, HSBC and Morgan Stanley are the stabilization managers for the Regulation S bearer bonds which will be listed on the Paris stock exchange.

The stabilization period was expected to start on Tuesday.

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