Crédit Mutuel-CIC Home Loan SFH in $1 Billion New York Law Covered Bond Offering

November 16, 2012

Cleary Gottlieb acted as counsel to the issuer in connection with Crédit Mutuel-CIC Home Loan SFH's offering of $1 billion 1.500% New York Law Covered Bonds due 2017. The bonds were offered in the United States under Rule 144A and outside the United States under Regulation S. The transaction, which closed on November 16, 2012, was managed by Barclays, BNP Paribas, Citigroup, Goldman, Sachs & Co. and J.P. Morgan.

The CM11-CIC Group is a leading player in the banking sector in France, providing a full range of banking and financial services to its customers including retail banking, insurance, financing and market, private banking and private equity.