LONDON, Jan 3 (IFR) - CREDIT AGRICOLE SA (rated A1/A/A+) has mandated Crédit Agricole CIB as Sole Bookrunner for a USD-denominated Subordinated Tier 2 benchmark targeting 15NC10 Structure. The transaction will be launched in the near future, subject to market conditions.
Anticipated ratings of the instrument: (Moody‘s) / (S&P) / (Fitch). FCA/ICMA stabilisation.
In accordance with Directive 2014/65/EU (“MIFID II”), the target market of the above-mentioned new primary transaction is “Professional & Eligible counterparties only” and excludes retail clients. The full target market is available upon request.