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Credit Agricole Assurances - Tender Offer (FR) - Issuance & Maximum Acceptance Amount

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."

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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")."




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