Davis Polk advised the initial purchasers in connection with the U.S. dollar issuance of senior non-preferred notes by Crédit Agricole S.A., acting through its London branch. Under its U.S. medium term note program, Crédit Agricole issued $1.25 billion aggregate principal amount of 3.75% fixed-rate senior non-preferred notes due 2023 and $500 million aggregate principal amount of floating-rate senior non-preferred notes due 2023 under Rule 144A/Regulation S.

Crédit Agricole S.A. is the lead bank of the Crédit Agricole Group, which is France’s largest banking group and one of the largest in the world based on shareholders’ equity. Crédit Agricole S.A. coordinates Crédit Agricole Group’s sales and marketing strategy, ensures the liquidity and solvency of each of Crédit Agricole Group’s entities and, through its specialized subsidiaries, designs and manages financial products, including consumer credit, factoring and lease finance.

The Davis Polk corporate team included partner Reuven B. Young and associates Andrew Rowe and Quentin Parmentier. Counsel Juliette Loget and associates Jean-Christophe Devouge, Géraldine Fromage, Stéphane Daniel and Ferdinand Barbé provided French law and regulatory advice. European counsel John Taylor provided U.K. law advice. Members of the Davis Polk team are based in the Paris and London offices.

Copy link to share post