Crédit Agricole to Redeem its AT1 Perpetual Subordinated Bonds in Sterling on June 23, 2026
Crédit Agricole S.A. announced on Thursday the redemption of its Additional Tier 1 (AT1) Perpetual Super Subordinated Bonds issued in British pounds in June 2021. The operation follows a partial buyback conducted in September 2025.
Redemption Scheduled for June 23, 2026
The institution will proceed with the redemption of all remaining outstanding Fixed Rate Reset AT1 Bonds on June 23, 2026. The redemption amount will include the principal of the securities plus accrued interest up to that date, in accordance with the terms of the bonds. Following a buyback offer launched in September 2025, a nominal amount of GBP 310,115,000 had been repurchased. The redemption now concerns the remaining nominal amount of GBP 86,569,000 in circulation after this buyback operation.
Interest Ceases on the Redemption Date
From June 23, 2026, the Bonds will cease to accrue interest, except in the event of wrongful withholding or refusal of payment. Bondholders will receive a formal notification of the implementation of the redemption in accordance with the terms and conditions of the securities.