Crédit Agricole S.A. to Redeem Early £500 Million of Bonds on 9 December
In a press release published on 10 November 2026, Crédit Agricole S.A. announced that it is exercising the redemption option provided for under the terms of a subordinated bond issue denominated in pounds sterling. The transaction covers all securities still outstanding and will take effect on 9 December 2026.
A £500 Million Subordinated Issue Issued in June 2021
The securities concerned are resettable fixed-rate subordinated bonds, issued on 9 June 2021 for an amount of £500 million under ISIN code FR0014003W84. Their terms are set out in the base prospectus dated 12 April 2021, approved by the Autorité des marchés financiers under number 21-101, and in the final terms dated 7 June 2021.
The redemption is based on clause 6(e) of these terms, which gives the issuer the option to redeem at its own initiative. The amount due to holders corresponds to the nominal value of the outstanding securities, plus accrued interest.
Interest Will Cease to Accrue on the Redemption Date
On this same date, the redemption amount will become payable and each security will cease to bear interest, in accordance with clause 5(h) of the terms, unless this amount is improperly withheld or refused. The practical details of the transaction are set out in the notice to holders attached to the press release.
This announcement follows a comparable step taken on 4 November 2026, when the bank announced that it was exercising its redemption option on all outstanding securities of another sterling-denominated issue (FR001400E920), issued on 29 November 2022, with effect from 29 November 2026 and at nominal value.
