Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credit Agricole Corporate and Investment Bank > News item |
Credit Agricole to price $1 million seven-year callable step-up notes
By Marisa Wong
Morgantown, W.Va., April 23 – Credit Agricole Corporate and Investment Bank plans to price $1 million of callable step-up notes due April 30, 2025, according to a term sheet.
Interest will be 3.25% initially, stepping up to 3.5% on April 30, 2020, to 4% on April 30, 2022, to 5% on April 30, 2023 and to 6% on April 30, 2024. Interest will be payable quarterly.
The payout at maturity will be par.
The notes are callable in whole at par quarterly beginning on April 30, 2019.
Credit Agricole CIB is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 22533A6K8.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.