04Aug16

Press release

Group

Corrective to the press release N°16-2016 issued on 3 August 2016

The redemption of the two debts was already prefinanced.

The redemption of the two debts was already prefinanced, thanks to the successful issuance of:
 
  • A perpetual subordinated notes on the Euro market in the amount of EUR 250 million on 1 October 2014. The coupon was set to 3.875% (until 1 October 2025), resetting every 11 years at the prevailing 11-year EUR mid-swap rate + 3.70%;
  • A dated subordinated notes on the Euro market in the amount of EUR 600 million on 7 December 2015. The coupon was set to 3.0% (until 8 June 2026 first call date), resetting every 10 years at the prevailing 10-year EUR mid-swap rate + 3.25%

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com