on SCOR (EPA:SCR)
SCOR successfully places €500 million in subordinated bonds
SCOR has announced the successful placement of €500 million in subordinated bonds. These bonds mature in 2056 and qualify as Tier 2 regulatory capital under Solvency II. The bonds will offer a fixed rate of 4.510% per annum until 2036. Thereafter, they will switch to a floating rate indexed to EURIBOR, with quarterly payments.
The funds raised will be used for general corporate purposes, including the repurchase of other subordinated debt. The bonds are rated "A3" by Moody's France SAS. Settlement is scheduled for June 5, 2026, with future listing on the Luxembourg Stock Exchange.
R. E.
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