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A&O Shearman advises on Groupe Matmut’s inaugural EUR500 million subordinated debt issue

A&O Shearman advises on Groupe Matmut’s inaugural EUR500 million subordinated debt issue
Published Date
Jun 5 2025

A&O Shearman has advised the banking syndicate, including Natixis acting as global coordinator and joint bookrunner as well as BNP Paribas and Commerzbank acting as joint bookrunners, on the issuance of subordinated bonds placed with institutional investors by Groupe Matmut, a leading player in the French insurance market, for an amount of EUR500m.

These Tier 2 subordinated bonds issued on May 23, 2025, bear interest at a fixed annual rate of 4.625% until their maturity date. They have been admitted to trading on the Euronext Growth Paris market.

The transaction supports Groupe Matmut’s broader strategic initiatives, including the planned acquisition of HSBC Assurances Vie (France), expected to close in the second half of 2025.

The A&O Shearman team was composed of partner Julien Sébastien, counsel Lorraine Miramond, and associate Hakima Gourari on the capital markets aspects.

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