NATIXIS - Universal registration document and financial report 2019

5 FINANCIAL DATA

Parent company financial statements and notes

Subordinated debt Note 19

(in millions of euros)

2018

2019

Dated subordinated debt

3,326

3,326

Subordinated notes Subordinated loans

726

726

2,600 2,201

2,600 2,181

Undated subordinated debt

Participating loans Subordinated notes Subordinated loans Accrued interest

2,201

2,181

27

28

5,554

5,535

Debt representing 10% of the total amount of subordinated debt

Rate and duration before first redem- ption date

Subor- dination condition (imme- diately senior ranking)

Liabi- lities conver- tible into equity Non- conver- tible Non- conver- tible

Rate after first

Fre- quency of coupon

Date of issuance

Maturity date

Cur- rency

Amount of issuance

redemp- tion date No redemption

2018

2019

Euribor 3M+2%

Unsecured creditors

27/06/2014 27/06/2026 EUR 900,000,000 Quarterly

clause 900,000,000.00 900,000,000.00

No redemption

Euribor 3M+230bp

Unsecured creditors

29/07/2015 29/07/2027 EUR 1,000,000,000 Quarterly

clause 1,000,000,000.00 1,000,000,000.00

Perpetual deeply subordinated notes Natixis issued Perpetual deeply subordinated notes which offer unit-holders fixed rate or variable rate income and which may be redeemed at the end of a set period and then at each coupon anniversary date. In the event of non-redemption at the end of this period, for some of these issues, a variable coupon indexed to the Euribor or Libor will be paid. The contractual conditions of deeply subordinated notes state that the issuer may suspend (in whole or in part) the payment of interest, as non-paid coupons are not deferred. Due to the existence of a loss-absorption clause, the nominal value of the securities may be reduced in the event of regulatory capital inadequacy to serve as a new basis for determining coupon amounts. The original nominal value may however be reconstituted under certain conditions. In the event of the liquidation of Natixis and regardless of any reduction to the securities’ original nominal value, unit-holders will bear their securities at their original nominal value.

Redeemable subordinated debt Redeemable subordinated debt issued by Natixis includes medium- or long-term loans or securities equivalent to ordinary subordinated debt. They are redeemable before the contractual maturity date in the event of liquidation of the issuer, and rank after other creditors but before holders of the super subordinated notes. Following approval by the banking supervisory authority and at the initiative of the issuing company, redeemable subordinated debt may be subject to early redemption through repurchasing on the stock market, or over the counter in the case of private debt, as of a date set in the issue notice or purchase agreement or in the event of changes to current tax and regulatory rules. In all cases, these redemptions are subject to the approval of the banking supervisory authorities.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019