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CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF USD 1,250,000,000 Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes issued on February 27, 2019
Credit AgricoleCredit Agricole(US:CRARY) GlobeNewswire News Room·2024-08-01 05:30

Core Points - Crédit Agricole S.A. announced the redemption of USD 1,250,000,000 Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes issued on February 27, 2019, effective September 23, 2024 [1][2] - The redemption will include the outstanding nominal amount and any accrued interest, referred to as the Redemption Amount [1] - Holders of the Notes will receive formal notice of the redemption in accordance with the Terms and Conditions [2] Summary by Sections - Redemption Announcement - The Issuer, Crédit Agricole S.A., will redeem all outstanding Notes amounting to USD 1,250,000,000 on September 23, 2024 [1] - The redemption is pursuant to Condition 7.2 of the Terms and Conditions outlined in the prospectus dated February 21, 2019 [1] - Interest Accrual - On the Redemption Date, the Redemption Amount will be due and payable, and the Notes will cease to bear interest unless the amount is improperly withheld [2] - Communication and Legal Restrictions - The press release does not constitute an offer to buy or sell the Notes in certain jurisdictions, including the United States, Canada, Australia, or Japan [3][4][6] - No prospectus will be published in connection with the redemption for the purposes of the Prospectus Regulation [5]