Credit Agricole holds capped tender for 2.625% bonds via new issue

By Susanna Moon

Chicago, Jan. 18 – Credit Agricole CIB SA said it is tendering for a capped amount of its €900 million of its 2.625% bonds due Feb. 5, 2021 until 10 a.m. ET on Jan. 28.

Pricing will be set at 7 a.m. ET on Jan. 29 using the interpolated mid-swap rate plus 40 basis points.

The tender is being made in connection with the issue of new bonds and the maximum acceptance amount will be set after the pricing of the new issue, taking into account the amount of the new issue, the proceeds of which will be used for the refinancing of the €335.1 million outstanding €600 million 2.5% bonds due March 2019, according to an announcement.

Settlement is expected to occur on Jan. 31.

Holders will also receive accrued interest.

The structuring advisers and dealer managers are BNP Paribas (+44 20 7595 8668 or liability.management@bnpparibas.com) and Credit Agricole CIB (+44 20 7214 5903 or liability.management@ca-cib.com). The dealer managers are Merrill Lynch International (+44 20 7995 0298 or DG.LM_EMEA@baml.com), Natixis (+33 1 58 55 08 14 / +33 1 58 55 05 56 or liability.management-corporate@natixis.com) and UniCredit Bank AG (+49 0 89 378 15150 or corporate.lm@unicredit.de).

The information agent is BNP Paribas Securities Services (+33 1 57 43 10 77 or paris.bp2s.information.agent@bnpparibas.com). The tender agent is BNP Paribas Securities Services (+33 1 55 77 61 60, fax +33 1 57 43 31 38 or paris.bp2s.offers@bnpparibas.com)

Credit Agricole, a subsidiary of Credit Agricole SA, is an investment banking company based in Montrouge, France.

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