CREDIT AGRICOLE S.A. announces redemption of JPY 11,900,000,000 Callable Subordinated Fixed to Floating Rate Notes issued on November 26, 2018 and due November 2028 (ISIN: XS1914290363)
November 09 2023 - 1:15AM
CREDIT AGRICOLE S.A. announces redemption of
JPY 11,900,000,000 Callable Subordinated Fixed to Floating
Rate Notes issued on November 26, 2018 and due November 2028 (ISIN:
XS1914290363)
Montrouge, November 9, 2023
CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION
OF
JPY 11,900,000,000 Callable
Subordinated Fixed to Floating Rate Notes issued on November 26,
2018 and due November 2028 (ISIN: XS1914290363)*
subject to the prior approval of the
European Central Bank
Crédit Agricole S.A. (the
“Issuer”) announces today the redemption (the
“Redemption”) with effect on November 24, 2023
(the “Redemption Date”), subject to the prior
approval of the European Central Bank, of all of its outstanding
JPY 11,900,000,000 Callable Subordinated Fixed to Floating
Rate Notes issued on November 26, 2018 and due November 2028 (ISIN:
XS1914290363) (the “Notes”) pursuant to Condition
6(e) (Redemption at the Option of the Issuer) of the Terms and
Conditions of the Notes (the “Terms and
Conditions”) included in the prospectus dated April 9,
2018, which was granted the visa n°18-123 by the Autorité des
marchés financiers on April 9, 2018 (the
“Prospectus”) at the outstanding nominal amount
thereof, together with any accrued interest thereon
(the “Redemption Amount”).
The Redemption is subject to the prior approval
of the European Central Bank (the
“Condition”).
If the Condition has been satisfied at the
latest on the business day preceding the Redemption Date, the
Redemption Amount shall become due and payable on the Redemption
Date, and, in accordance with Condition 5(h) (Accrual of Interest)
of the Terms and Conditions, unless the Redemption Amount is
improperly withheld or refused, each Note shall cease to bear
interest on the Redemption Date.
In the event that the Condition is not satisfied
at the latest on the business day preceding the Redemption Date, no
redemption shall occur on the Redemption Date.
The holders of the Notes will receive formal
notice of the Redemption in accordance with the Terms and
Conditions and will be further informed of the satisfaction of the
Condition.
For further information on Crédit Agricole S.A.,
please see Crédit Agricole S.A.’s website:
https://www.credit-agricole.com/en/finance
DISCLAIMER
This press release does not constitute an offer
to buy or the solicitation of an offer to sell the Notes in the
United States of America, Canada, Australia or Japan or in any
other jurisdiction. The distribution of this press release in
certain jurisdictions may be restricted by law. Persons into whose
possession this announcement comes are required to inform
themselves about, and to observe, any such restrictions.
No communication or information relating to the
redemption of the Notes may be distributed to the public in a
country where a registration obligation or an approval is required.
No action has been or will be taken in any country where such
action would be required. The redemption of the Notes may be
subject to specific legal and regulatory restrictions in certain
jurisdictions; Crédit Agricole S.A. accepts no liability in
connection with a breach by any person of such restrictions.
This press release is an advertisement; and none
of this press release, any notice or any other document or material
made public and/or delivered, or which may be made public and/or
delivered to the holders of the Notes in connection with the
redemption of the Notes is or is intended to be a prospectus for
the purposes of Regulation (EU) 2017/1129 of the European
Parliament and of the Council dated 14 June 2017 (as amended, the
“Prospectus Regulation”). No prospectus will be published in
connection with the redemption of the Notes for the purposes of the
Prospectus Regulation.
This press release does not, and shall not, in
any circumstances, constitute an offer to the public of Notes by
Crédit Agricole S.A. nor an invitation to the public in connection
with any offer in any jurisdiction, including France.
* The ISIN number is included solely for the
convenience of the holders of the Notes. No representation is being
made as to the correctness or accuracy of the ISIN number either as
printed on the Notes or as contained herein and the holder may rely
only on the identification numbers printed on its Note.
CRÉDIT AGRICOLE S.A. PRESS CONTACT
Alexandre
Barat + 33 1 57 72
12
19 alexandre.barat@credit-agricole-sa.frOlivier
Tassain + 33 1 43 23
25
41 olivier.tassain@credit-agricole-sa.fr
Find our press release on: www.credit-agricole.com -
www.creditagricole.info
- CASA - Series 537 Call Nov 2023 - Press release - 09112023
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