Groupama Assurances Mutuelles starts five-day tender offer

By Mary-Katherine Stinson

Lexington, Ky., Oct. 3 – Groupama Assurances Mutuelles launched a five-day tender offer to repurchase up to €400 million in nominal amount of its €1.1 billion senior subordinated notes issued in 2014 (ISIN: FR0011896513), according to a press release.

The tender offer will expire at 10 a.m. ET on Oct. 7.

Results are expected to be announced on Oct. 10.

The purpose of the tender offer for Groupama is to proactively manage its capital structure

The insurance company is based in Paris.

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