Credit Agricole greenshoe lifts convertibles sale to €337.16 million

By Tali David

Minneapolis, Dec. 2 - Underwriters for Credit Agricole SA's offering of three-year 0% bonds exchangeable for existing shares of Eurazeo exercised their over-allotment option in full, adding an additional €43.98 million, according to a press release.

The company priced €293.18 million of the convertibles on Nov. 22. The 15% over-allotment option brings the total issuance to €337.16 million.

As previously reported, Credit Agricole CIB and Goldman Sachs International were joint bookrunners.

Proceeds will be used for Credit Agricole's general funding purposes.

Credit Agricole is a Paris-based retail bank.

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