Crédit Agricole S.A. in Annual Update of EMTN Program and Nine Offerings

April 5, 2024

Cleary Gottlieb represented Crédit Agricole S.A. in the annual update of its euro medium-term note (EMTN) program, which closed on April 5, 2024.

From January 2024 to March 2024, Cleary represented Crédit Agricole S.A. in nine offerings of notes under its program for an aggregate nominal amount of €4.6 billion, ¥3 billion, CHF 405 million, £600 million, and $2.5 billion, for a total amount equivalent to about €8 billion.

The notes issued by Crédit Agricole S.A. are governed by French law and qualify as senior preferred notes, senior non-preferred notes, subordinated notes, or deeply subordinated notes. They bear either fixed, floating, or fixed-to-floating interest rates and are either listed or non-listed.

The offerings were syndicated or non-syndicated, and Crédit Agricole Corporate and Investment Bank acted as arranger and permanent dealer.

Crédit Agricole S.A. 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.