Crédit Agricole: successfully prices AT+1 notes
(CercleFinance.com) - On Thursday evening the Crédit Agricole group announced having successfully priced its offering of US$1.
25bn Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes, amounting to 1.25 billion dollars.
"The Notes were sold to institutional investors in Europe, the United States and Asia. The offering attracted considerable interest, with about 250 investors and the order book amounting to around US$4.75bn," the group said.
The new notes were issued to provide Crédit Agricole with greater flexibility in the management of its Tier 1 capital.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
25bn Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes, amounting to 1.25 billion dollars.
"The Notes were sold to institutional investors in Europe, the United States and Asia. The offering attracted considerable interest, with about 250 investors and the order book amounting to around US$4.75bn," the group said.
The new notes were issued to provide Crédit Agricole with greater flexibility in the management of its Tier 1 capital.
Copyright (c) 2019 CercleFinance.com. All rights reserved.