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

Groupama announced the issue on 9 September 2019 of Euro-denominated Fixed Rate subordinated notes due 2031 placed with institutional investors for a principal amount of EUR 500 million, with an annual coupon of 2.125%. The purpose of this transaction was to take advantage of current supportive market conditions to optimize the group's capital structure.