28 May 2014
Deals | France - Capital Markets
Gide advised BNP Paribas, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and HSBC Bank plc, and Allen & Overy Paris advised Groupama SA on an exchange offer on its outstanding (i) €500,000,000 Fixed to Floating Rate Undated Senior Subordinated Notes issued in 2005 and (ii) €1,000,000,000 Fixed to Floating Rate Undated Deeply Subordinated Notes issued in 2007, both admitted to trading on Euronext Paris, for €1,000,000,000 Fixed to Floating Rate Undated Senior Subordinated Notes.
Groupama SA also issued €100,000,000 within the same series as the €1,000,000,000 issued under the exchange, resulting in a total issued amount of €1,100,000,000 Fixed to Floating Rate Undated Senior Subordinated Notes, also admitted to trading on Euronext Paris.
The exchange offer was launched on 7 May 2014 and settled on 28 May 2014.
Gide's team was led by Hubert du Vignaux (partner, capital markets) assisted by Théophile Strebelle and Romain Querenet de Breville.
Allen & Overy's team was led by Hervé Ekué (partner, capital markets) assisted by Soline Louvigny and Quentin Herry.