New Issue: Credit Agricole prices $1.75 billion five-year of fixed-rate, floating-rate notes

By Cristal Cody

Tupelo, Miss., April 17 – Credit Agricole SA (London Branch) sold $1.75 billion of notes (A1/A/A+) in two tranches on Tuesday, according to a market source.

The bank priced $500 million of five-year floating-rate notes at Libor plus 102 basis points.

It also sold $1.25 billion of 3.375% notes due April 24, 2023 at a spread of Treasuries plus 115 bps.

Credit Agricole Securities (USA) Inc. was the bookrunner.

The London-based bank is a subsidiary of Credit Agricole SA.

Issuer:	Credit Agricole SA (London Branch)
Amount:	$1.75 billion
Securities:	Fixed-rate and floating-rate notes
Bookrunner:	Credit Agricole Securities (USA) Inc.
Co-managers:	BNP Paribas Securities Corp., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Scotia Capital (USA) Inc.
Trade date:	April 17
Ratings:	Moody’s: A1
	S&P: A
	Fitch: A+
Five-year floaters
Amount:	$500 million
Maturity:	April 24, 2023
Coupon:	Libor plus 102 bps
Five-year notes
Amount:	$1.25 billion
Maturity:	April 24, 2023
Coupon:	3.375%
Spread:	Treasuries plus 115 bps

© 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.