Davis Polk advised the initial purchasers of the U.S. dollar issuance of senior preferred notes by Crédit Agricole S.A., acting through its London branch. Under its U.S. medium term note program, Crédit Agricole issued $1.0 billion aggregate principal amount of 2.375% fixed-rate notes due 2025 under Rule 144A/Regulation S.

Crédit Agricole is the lead bank of the Crédit Agricole Group (the “Group”), which is France’s largest banking group and one of the largest in the world based on shareholders’ equity. Crédit Agricole coordinates the Group’s sales and marketing strategy, ensures the liquidity and solvency of each of the 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 Grecia Barboza. Associates Jean-Christophe Devouge, Géraldine Fromage and Ferdinand Barbé provided French law and regulatory advice. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax 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