CREDIT AGRICOLE SA : European Central Bank approval of the tender offers for perpetual notes announced on 17 March 2017
28 Avril 2017 - 6:15AM
This document is
not an offer to purchase the securities described herein or any
other securities. Any such offer, if made, will be made by means of
an offer document or invitation to tender that will include the
detailed terms of the offer, and that may contain restrictions on
the ability of certain investors in certain jurisdictions to tender
certain of their securities. The offer will not be made in any
jurisdiction where it would be unlawful to do so, or where such
offer would require registration with or approval by any
governmental body or stock exchange.
Montrouge 28 April
2017
European Central
Bank approval of
the tender offers for perpetual notes announced on 17 March
2017
____________________
Crédit Agricole S.A. announces
that the European Central Bank has given its approval on 27 April
2017 for the intended tender offers described in the press release
of 17 March 2017.
In that press release, Crédit
Agricole S.A. announced its intention, subject to receipt of the
required ECB approval, to launch tender offers targeting six series
of outstanding perpetual notes (listed in Appendix 1).
Further information on the
intended tender offers can be found in the 17 March 2017 press
release.
Crédit Agricole S.A. intends to launch the
intended tender offers before the end of June 2017, subject to
market conditions.
Appendix
1
Additional Details on Notes subject to the contemplated Tender
Offer
ISIN |
Currency |
Outstanding amount |
Coupon |
Next Call Date |
Step-Up (Y/N) |
Grandfathering Treatment* |
USF22797FJ25
/
US225313AA37 |
USD |
889.9m |
6.637%
until May 31
2017
3 month USD Libor +
123.25bp thereafter |
May
2027 |
N |
Tier
1
until end-
2021 |
FR0010161026 |
EUR |
371.2m |
EUR CMS
10Y +2.5bp
(floored at 0% and
capped at 7.75%) |
Febr
2018 |
N |
Tier
1
until end-
2021 |
USF22797FK97
/
US225313AB10 |
USD |
1,000m |
8.375%
until Oct. 2019,
3 month USD Libor +
6.982% thereafter |
Oct
2019 |
Y |
Tier
1
until Oct.
2019 |
FR0010814418 |
GBP |
291m |
8.125%
until Oct. 2019,
3 month GBP Libor +
6.146% thereafter |
Oct
2019 |
Y |
Tier
1
until Oct.
2019 |
FR0010575654 |
GBP |
171.8m |
7.589%
until Jan. 2020,
3 month GBP Libor +
3.550% thereafter |
Jan
2020 |
Y |
Tier
1
until Jan.
2020 |
FR0010814434 |
EUR |
450m |
7.875%
until Oct. 2019,
3 month Euribor +
6.424% thereafter |
Oct
2019 |
Y |
Tier
1
until Oct.
2019 |
Forward-Looking
Statements
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information and statements about Crédit Agricole S.A.
Forward-looking statements are statements that are not historical
facts. These statements include financial projections and estimates
and their underlying assumptions, statements regarding plans,
objectives and expectations with respect to future operations,
products and services, and statements regarding future performance.
Forward-looking statements may be identified by the words
"believe," "expect," "anticipate," "target" or similar expressions.
Although Crédit Agricole S.A.'s management believes that the
expectations reflected in such forward-looking statements are
reasonable, investors are cautioned that forward-looking
information and statements are subject to various risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of Crédit Agricole S.A., that could cause actual
results and developments to differ materially from those expressed
in, or implied or projected by, the forward-looking information and
statements. These risks and uncertainties include, but are not
limited to, those discussed or identified in the annual reports and
other filings with the French Autorité des marchés financiers made
or to be made by Crédit Agricole S.A.. Crédit Agricole S.A.
undertakes no obligation to publicly update its forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Press release ENG
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The issuer of this announcement warrants that they are solely
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information contained therein.
Source: CREDIT AGRICOLE SA via Globenewswire
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