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A&O Shearman advises banking syndicate on EUR600 million subordinated debt issue by Groupama

A&O Shearman advises the banking syndicate on EUR600 million subordinated debt issue by Groupama
Published Date
Jan 26 2026
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Image of Julien Sebastien
Julien SebastienPartner, Paris
Image of Lorraine Miramond
Lorraine MiramondCounsel, Paris
A&O Shearman advised a banking syndicate, including J.P. Morgan as global coordinator, on the issuance of perpetual subordinated notes (Restricted Tier 1) placed with institutional investors by the mutual insurance group Groupama, for an amount of EUR600m. 

This transaction seeks to leverage favorable market conditions to strengthen Groupama’s capital structure. Listed on Euronext Paris, the notes carry an annual coupon of 5.750%.

The A&O Shearman team was led by Paris-based partner Julien Sebastien and included counsel Lorraine Miramond and jurist Anthony Yeung Shun Fun.

 

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