Crédit Agricole Assurances S.A. announces redemption of its Undated Subordinated Resettable Notes issued on 13 January 2015
Press release Paris, 12 December 2024
Crédit Agricole Assurances S.A. announces redemption of its Undated Subordinated Resettable Notes issued on 13 January 2015 (ISIN: FR0012444750)
Crédit Agricole Assurances S.A. (the “Issuer”) announces today the redemption (the “Redemption”) with effect on 13 January 2025 (the “Redemption Date”) of all of its outstanding Undated Subordinated Resettable Notes issued on 13 January 2015 for an initial aggregate principal amount of €1,000,000,000 (ISIN: FR0012444750) (the “Notes”) pursuant to Condition 6.2 (Optional Redemption from the First Call Date) of the terms and conditions of the Notes (the “Terms and Conditions”) included in the prospectus which was granted the visa n°15-018 by the Autorité des marchés financiers on 9 January 2015 (the “Prospectus”) at the outstanding aggregate nominal amount thereof, i.e. €245,500,000, together with any additional amount thereon in accordance with the Terms and Conditions (including interest accrued up to but excluding the Redemption Date) (the “Redemption Amount”).
On the Redemption Date, the Redemption Amount shall become due and payable and, in accordance with Condition 5.7 (Interest Accrual) of the Terms and Conditions, unless the payment of the principal in respect of the Notes is improperly withheld or refused on such date or unless default is otherwise made in respect of the payment of the Redemption Amount, each Note shall cease to bear interest from and including the Redemption Date.
The holders of the Notes will receive formal notice of the Redemption in accordance with the Terms and Conditions.
Crédit Agricole Assurances is rated A/stable outlook by Standard & Poor’s.
About Crédit Agricole Assurances
Crédit Agricole Assurances, France’s largest insurer, is the company of the Crédit Agricole group, which brings together all the insurance businesses of Crédit Agricole S.A. Crédit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance products and services. They are distributed by Crédit Agricole’s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. Crédit Agricole Assurances has 5,800 employees. Its premium income (“non-GAAP”) to the end of 2023 amounted 37.2 billion euros.
www.ca-assurances.com
| Press contacts Nicolas Leviaux +33 (0)1 57 72 09 50 / 06 19 60 48 53 Julien Badé +33 (0)1 57 72 93 40 / 07 85 18 68 05 service.presse@ca-assurances.fr | Investor relations contacts Yael Beer-Gabel +33 (0)1 57 72 66 84 Gaël Hoyer +33 (0)1 57 72 62 22 Sophie Santourian +33 (0)1 57 72 43 42 Cécile Roy +33 (0)1 57 72 61 86 relations.investisseurs@ca-assurances.fr |
Disclaimer
This press release does not constitute an offer to buy, redeem or the solicitation of an offer to sell the Notes in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.
No communication or information relating to the redemption of the Notes may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Notes may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole Assurances S.A. accepts no liability in connection with a breach by any person of such restrictions.
This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Notes in connection with the redemption of the Notes is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Notes for the purposes of the Prospectus Regulation.
This press release does not, and shall not, in any circumstances, constitute an offer to the public of Notes by Crédit Agricole Assurances S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.
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