CIC Lyonnaise de Banque Announces Early Redemption Details
Notice of Early Redemption for CIC Lyonnaise de Banque
Dear Investors,
We're reaching out to share some exciting updates from CIC Lyonnaise de Banque regarding an important event that affects the bank's financial instruments. This notice pertains to the early redemption of Variable Rate Notes, known as the “Titres Participatifs,” which were originally issued on May 28, 1985.
Issuer Details
CIC Lyonnaise de Banque, a prominent financial institution, will be executing the early redemption option for its noteholders. The details are outlined below for your convenience.
Redemption Schedule
The early redemption will take place on June 30, 2025. This announcement follows the issuer's right under the terms and conditions specified in the Listing Particulars of the Notes, a provision aimed at enhancing liquidity for our investors.
Key Details About the Early Redemption
For your records, here are the essential aspects regarding the forthcoming early redemption:
- Issuance Date: These notes were issued on May 28, 1985.
- Early Redemption Date: June 30, 2025.
- Redemption Amount: EUR 300.68 per denomination, excluding accrued interest.
Important Considerations
As part of the early redemption process, CIC Lyonnaise de Banque has instructed its Fiscal Agent to coordinate with the French Central Securities Depository to ensure the seamless cancellation of the notes. Noteholders are encouraged to stay informed as we lead up to this significant date.
Capitalized Terms
For those unfamiliar, any capitalized terms in this notice shall have the meanings ascribed to them in the relevant documentation. It provides clarity on the various provisions being exercised in this notice.
About CIC Lyonnaise de Banque
CIC Lyonnaise de Banque serves a broad customer base in the south-eastern region of France. With nearly 300 branches staffed by about 3,000 dedicated employees, the bank strives to meet the diverse needs of 1.3 million customers. Leveraging the strength of the CIC Group and Crédit Mutuel Alliance Fédérale, the institution blends finance, insurance, and cutting-edge technological services to provide robust financial solutions.
Investor and Corporate Communication
For more information, our Corporate Communications and Press Relations Department can be reached at +33 (0)1 53 48 26 00. Additionally, investor inquiries can be directed to our Investor Relations team.
Frequently Asked Questions
What is the Redemption Date for the Notes?
The early redemption date for the Variable Rate Notes is set for June 30, 2025.
What is the Redemption Amount?
Each note will be redeemed at EUR 300.68, excluding any accrued interest.
Who should I contact for more information?
You can contact the Corporate Communications Department at +33 (0)1 53 48 26 00 or email us directly for specific inquiries.
What happens to the Notes after the Redemption Date?
After the early redemption, the notes will be canceled, and holders will no longer have any claim on them.
What should investors do before the Redemption Date?
Investors are encouraged to review their holdings and consider their options as the redemption date approaches.
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