Crédit Agricole S.A. Announces Offer Prices and Final Results of its Tender Offers for EUR and GBP Senior Preferred Notes
THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF OFFERS TO SELL ANY SECURITIES.
Montrouge 4 June 2020
Crédit Agricole S.A. Announces Offer Prices and Final Results of its Tender Offers for EUR and GBP Senior Preferred Notes
Summary of the Final Results of its Tender Offers for USD Senior Preferred Notes and EUR/GBP Senior Preferred Notes
____________________
Crédit Agricole S.A., acting through its London Branch (the “Company”), today announced the offer prices and final results for its tender offers (the “Offers”) to purchase eleven (11) series of Notes denominated in euros or pounds sterling (the “EUR/GBP Notes”) launched on 28 May 2020.
The Offers expired on 3 June 2020 at 4:00 p.m., Central European Summer time (the “Expiration Date”). The Offers were made on the terms and subject to the conditions set forth in the Tender Offer Memorandum dated 28 May 2020 (the “Tender Offer Memorandum”).
The Company has decided to accept for purchase all the EUR/GBP Notes validly tendered at or prior to the Expiration Date, representing an aggregate principal amount of EUR1,927,866,233 (equivalent) EUR/GBP Notes for a total price (excluding accrued interest) of EUR2,015,064,203 (equivalent). The amount tendered did not exceed the Maximum Tender Amount of EUR3,500,000,000 (or equivalent), and therefore pro-rationing will not apply.
Lesen Sie auch
The table below set forth the Offer Price and the aggregate principal amount of each Series of EUR/GBP Notes that are accepted for purchase by the Company, as well as the principal amount remaining outstanding for each of them.
Title of Notes and ISIN No. |
Original Issued Amount / Principal Amount Outstanding | Reference Benchmark | Reference Yield | Fixed Spread (basis points) / Yield | Offer Price(1) | Principal Amount Tendered and Accepted | Outstanding Principal Amount after Settlement |
EUR Fixed Rate Notes due November 2020 issued as EMTN Series no. 441 ISIN: XS0997520258 |
EUR1,250,000,000 | N/A(2) | N/A | 0% Yield | 101.136% | EUR100,100,000 | EUR1,149,900,000 |
EUR Fixed Rate Notes due January 2022 issued as EMTN Series no. 367 ISIN: XS0637417790 |
EUR390,000,000 | January 2022 Interpolated Mid-Swap rate | -0.280% | +25 bps | 107.494% | - | EUR390,000,000 |
EUR Fixed Rate Notes due January 2022 issued as |