CNP Assurances - Investor Presentation
SOVEREIGN BOND
PORTFOLIO
CNP Assurances - Investor Presentation - March 2020
56%
(€m)
Gross
exposure
31 December 2019
Other
Supranational issuers
Cost*
Gross
exposure
Fair value
Net
exposure
Germany
Austria
5%
2%
Fair value
3% 3%
France
79,166
89,245
6,490
Belgium
6%
Italy
8,862
9,851
670
Spain/Portugal
10,505
11,618
1,091
Italy 6%
Belgium
8,053
8,818
517
Austria
3,713
3,948
139
7%
Germany
3,890
4,265
214
Spain/Portugal
Brazil
16,918
17,098
2,023
Rest of Europe
1,963
2,081
231
12%
Canada
708
742
89
Brazil
Other
509
468
50
Supranational issuers
7,335
7,977
789
TOTAL
141,621
156,111
12,304
Sovereign exposure including shares held directly by consolidated mutual funds
* Cost less accumulated amortisation and impairment, including accrued interest
France
62
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