Crédit Agricole: E1bn bond issue
(CercleFinance.com) - Crédit Agricole Assurances today announced that it has successfully completed the placement of a 1 billion euro issue of subordinated bonds, maturing in 10 years' time.
The Bonds will bear interest at a fixed rate of 1.500% p.a. until maturity in 2031. The transaction has been structured so that the bonds are eligible for Tier 2 capital under Solvency II.
Placed with over 90 institutional investors mainly in Europe, the bonds benefited from sound granularity and a quality order book, peaking at 1.8 billion euros, it said.
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The Bonds will bear interest at a fixed rate of 1.500% p.a. until maturity in 2031. The transaction has been structured so that the bonds are eligible for Tier 2 capital under Solvency II.
Placed with over 90 institutional investors mainly in Europe, the bonds benefited from sound granularity and a quality order book, peaking at 1.8 billion euros, it said.
Copyright (c) 2021 CercleFinance.com. All rights reserved.