Crédit Agricole in $300 Million Offering

February 28, 2023

Cleary Gottlieb represented Crédit Agricole S.A. (Crédit Agricole) in an offering of $300 million 5.568% senior preferred fixed-rate notes due 2025 pursuant to its $25 billion U.S. medium-term note program.

The notes were offered for sale in the United States to qualified institutional buyers under Rule 144A and outside of the United States under Regulation S of the Securities Act of 1933. The manager for the offering was Wells Fargo Securities LLC. The transaction priced on February 21, 2023, and closed on February 28, 2023.

Crédit Agricole is the lead bank of the Crédit Agricole group, which is the largest banking group in France, and one of the largest in the world.