Coface announces the issue on November 21, 2023 of €300,000,000 Tier 2 subordinated bonds bearing interest at a fixed rate of 5.750% and maturing on November 28, 2033.

The proceeds from this bond issue will be used primarily to refinance the remaining 226,600,000 euros of subordinated bonds issued by the Company in 2014, bearing interest at a fixed rate of 4.125% and maturing on March 27, 2024.

The bonds, which are rated BBB+ (Stable) by Fitch and Baa1 (Stable) by Moody's, will be admitted to trading on Euronext Paris from the settlement-delivery date scheduled for November 28, 2023.

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