Credit Agricole Assurances - Tender Offer (FR) - Final Results

Crédit Agricole Assurances announces the success of its previously launched Tender Offers, their Final Acceptance Amount and the Final Results - FR0012444750 FR0012222297

24 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Globenewswire

...

"Final Acceptance Amount

Crédit Agricole Assurances announces today that it has set the final acceptance amount of its Tender Offers (the "Final Acceptance Amount") at €500,000,000, i.e. an amount equal to the maximum redemption amount of €500,000,000 previously announced.

Final Outcomes

The Notes validly tendered on or prior to the Expiration Date represent an aggregate nominal amount of €803,300,000 for the two series of Bonds (the "Validly Contributed Amount"). As the Amount Validly Contributed in respect of the two series of Bonds exceeds the Final Amount of Acceptance for the two series of Bonds, Crédit Agricole Assurances has proceeded to a pro rata in accordance with the conditions set out in the Tender Offer Memorandum.

Crédit Agricole Assurances is pleased to announce for each series of Bonds and as set out in the table below:

(i) the Benchmark;

(ii) the Redemption Price,

(iii) the aggregate nominal amount of Bonds validly tendered and admitted to repurchase by Crédit Agricole Assurances,

(iv) the pro-rata factor, if any, and

(v) the aggregate nominal amount that will remain outstanding following the settlement of the Tender Offers.

...

---

Crédit Agricole Assurances successfully issues Tier 2 subordinated bonds and sets the maximum acceptance amount for its previously launched Tender Offers - FR0012444750 FR0012222297

17 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Globenewswire

"Crédit Agricole Assurances successfully issues €500,000,000 of Tier 2 subordinated bonds at an annual fixed rate of 5.875% and sets the maximum acceptance amount for its previously launched Tender Offers at €500,000,000

Crédit Agricole Assurances today announced:

1. have successfully completed the placement of a 2-year fixed-rate Tier 10 subordinated note issue for a nominal amount of €500,000,000 (the "New Issue"); and

2. set the maximum acceptance amount of its tender offers for two series of perpetual subordinated bonds issued in 2014 and 2015 launched on October 16, 2023 (the "Tender Offers") at €500,000,000.

The Tender Offers and the New Issue are part of Crédit Agricole Assurances' active capital management policy."

...

---

Crédit Agricole Assurances announces the launch of tender offers for two series of undated subordinated notes and its intention to issue Tier 2 subordinated notes - FR0012444750 FR0012222297

16 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via Globenewswire

"Crédit Agricole Assurances announces the launch of tender offers for two series of undated subordinated notes and its intention to issue Tier 2 subordinated notes

Crédit Agricole Assurances today announces the launch of tender offers for its two series of undated subordinated resettable notes issued in 2014 and 2015, and its intention to concurrently launch, subject to market conditions, a new issue of 10-year Tier 2 fixed rate euro subordinated notes (the "New Issue").

These transactions are part of Crédit Agricole Assurances' active management policy of its capital.

The invitation to holders (the "Holders") to tender their notes for purchase by Crédit Agricole Assurances in cash (the "Tender Offers") relates to the two tranches of undated subordinated notes issued in 2014 and 2015 by Crédit Agricole Assurances and currently benefiting from a grandfathering clause, with an outstanding principal amount of €1 billion (ISIN FR0012444750) and €750 million (ISIN FR0012222297) respectively, bearing interest at fixed annual rates of 4.25% and 4.5%, resettable respectively on 13 January and 14 October 2025 (the "Existing Notes")."

...