Crédit Agricole S.A. Announces Significant Note Redemption
Crédit Agricole S.A. Announces Upcoming Note Redemption
Crédit Agricole S.A. is making a noteworthy announcement regarding the redemption of its Senior Non-Preferred Fixed to Floating Rate Notes. These bonds, valued at EUR 1.5 billion, were issued on April 22, 2020, and are scheduled for redemption on April 22, 2025.
Details of the Redemption
The issuer, Crédit Agricole S.A., plans to redeem all outstanding EUR 1.5 billion of these notes pursuant to their terms and conditions. This redemption signifies the completion of the bond's lifecycle, allowing investors to realize the principal amount along with any accrued interest. The specific terms and conditions governing this process are outlined in the base prospectus included with the issuance.
Understanding the Redemption Date
Investors should note that the redemption date, April 22, 2025, marks a significant transition for bondholders. On this date, Crédit Agricole S.A. will fulfill its obligation to pay the total redemption amount, which consists of the nominal value and any interest accrued until that date. Importantly, as of this date, note-holders can expect that no further interest will accrue on the individual notes.
Notice to Investors
Crédit Agricole S.A. has taken steps to ensure that all current noteholders are informed of this redemption process. A detailed notice regarding the redemption has been communicated to enable investors to prepare for this financial event appropriately.
Company's Commitment to Transparency
As one of the leading financial institutions, Crédit Agricole S.A. is committed to maintaining transparency and open communication with its stakeholders. For any inquiries regarding this redemption or other investor relations matters, stakeholders are encouraged to reach out to the company’s press contacts.
Company Press Contacts
For additional information, individuals may contact the following representatives:
Alexandre Barat
Phone: + 33 1 57 72 12 19
Email: alexandre.barat@credit-agricole-sa.fr
Olivier Tassain
Phone: + 33 1 43 23 25 41
Email: olivier.tassain@credit-agricole-sa.fr
Important Information for Noteholders
All holders of the EUR 1.5 billion Senior Non-Preferred Fixed to Floating Rate Notes need to keep abreast of the details provided in the notice from Crédit Agricole S.A. as it pertains to their investment and any additional steps they may need to undertake in light of the upcoming redemption.
Frequently Asked Questions
What is the total amount being redeemed by Crédit Agricole S.A.?
The total amount being redeemed is EUR 1.5 billion.
When is the redemption date scheduled?
The redemption date is scheduled for April 22, 2025.
What happens to the interest on the notes after the redemption date?
Once the redemption date arrives, accrued interest will cease for the notes.
How can investors get more information?
Investors are encouraged to contact the press contacts provided for more information.
What are the notes referenced in the announcement?
The notes referenced are the Senior Non-Preferred Fixed to Floating Rate Notes issued by Crédit Agricole S.A.
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