By William Gullotti and Cristal Cody
Buffalo, N.Y., June 28 – Credit Agricole SA priced $2.5 billion of notes in three tranches due 2026 and 2033 on Tuesday, according to information provided by a market source.
The first tranche of notes due 2026 totals $500 million, bearing interest at SOFR plus 129 basis points.
The second tranche due 2026, totaling $1.25 billion and carrying a 5.589% coupon, priced at a spread of 120 bps over Treasuries. Initial talk for the fixed-rate tranche was in the Treasuries plus 145 bps area.
The bank priced the $750 million tranche of 5.514% notes due 2033 at Treasuries plus 175 bps, tight to initial talk in the Treasuries plus 200 bps area.
Credit Agricole CIB, BofA, Citi, Goldman Sachs, JPMorgan and SMBC Nikko were the bookrunners.
Credit Agricole is an investment banking company based in Montrouge, France.
| Issuer: | Credit Agricole SA
|
| Amount: | $2.5 billion
|
| Issue: | Notes
|
| Bookrunner: | Credit Agricole CIB, BofA, Citi, Goldman Sachs, JPMorgan and SMBC Nikko
|
| Trade date: | June 27
|
|
|
| 2026 floaters
|
| Amount: | $500 million
|
| Maturity: | July 5, 2026
|
| Coupon: | SOFR plus 129 bps
|
| Initial talk: | SOFR plus equivalent
|
|
|
| 2026 notes
|
| Amount: | $1.25 billion
|
| Maturity: | July 5, 2026
|
| Coupon: | 5.589%
|
| Spread: | Treasuries plus 120 bps
|
| Initial talk: | Treasuries plus 145 bps area
|
|
|
| 2033 notes
|
| Amount: | $750 million
|
| Maturity: | July 5, 2033
|
| Coupon: | 5.514%
|
| Spread: | Treasuries plus 175 bps
|
| Initial talk: | Treasuries plus 200 bps area
|
|
|
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