Davis Polk advised the dealers of a senior unsecured Rule 144A/Regulation S offering by Crédit Agricole S.A. (“Crédit Agricole”), as issuer, acting through its London branch, of series no. 13, tranche 1, $1.25 billion aggregate principal amount of 2.750% fixed-rate notes due 2020 and series no. 14, tranche 1, $500 million aggregate principal amount of floating-rate notes due 2020 under Crédit Agricole’s $20 billion Rule 144A/Regulation S medium-term notes program.  

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 Andrés V. Gil, counsel Amy T. Alter and associate Bhupinder Grewal. Associates Jean-Baptiste Molmy and Patrick Dupuis provided French law and regulatory advice. European counsel John Taylor provided U.K. corporate advice. Partner John D. Paton and associate Lena X. Qiu provided U.S. tax advice. Partner Jonathan Cooklin and associate Dominic Foulkes provided U.K. tax advice. Members of the Davis Polk team are based in the Paris and London offices. 

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