Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
18 November 2012
18 October 2012: Gide advises CNP Assurances on the issue of USD 500,000,000 perpetual subordinated notes
Gide Loyrette Nouel acted as legal counsel to CNP Assurances on the issue of its USD 500 million perpetual subordinated notes, placed mainly with Asian investors.
The issue was 20 times over-subscribed, with orders reaching EUR 10 billion from 160 investors.
The notes will pay 7.5% interest through to 2018, after which the rate will be adjusted every six years on the basis of the six-year mid swap rate in dollars.
CNP Assurances was advised by Gide Loyrette Nouel with a team comprising Hubert du Vignaux, partner, and Théophile Strebelle. Co-leading banks (HSBC Bank plc, BNP Paribas, Citibank International plc, Goldman Sachs International, J.P. Morgan Securities plc and Nomura International plc) were advised by Allen & Overy with a team comprising François Poudelet, partner, and Laurent Vincent.
