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Origin Documentation, soft-launched in July 2020, automates the production of transaction documentation pre- and post-bond issuance. Origin worked with Crédit Agricole’s treasury and Crédit Agricole CIB’s Debt Capital ...

CASA sees efficiencies in Origin auto-docs

Case Studies

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After a defensive start to the year against an unfriendly backdrop, Crédit Agricole moved quickly to hit windows as they appeared when the market turned bullish, and exceeded expectations in the first quarter. Olivier ...

Crédit Agricole: Hitting the Q1 windows

Case Studies

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Crédit Agricole launched the first senior non-preferred benchmark on 13 December, just days after the respective French law became effective and in the wake of the European Commission proposing EU-wide adoption of such an ...

Senior non-preferred: CASA opens new segment

Case Studies

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Crédit Agricole Assurances launched a Eu1bn 32NC12 Tier 2 transaction on 20 September, the first such benchmark from the insurance sector since the summer break, and attracted Eu2.5bn of demand from 170 accounts. Grégory ...

CAA: Growing in assurance

Case Studies

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Amid moving regulatory targets and internal constraints, Crédit Agricole found the right moment to launch a $1.25bn AT1 in January. Here, Crédit Agricole’s Olivier Bélorgey and Crédit Agricole CIB’s Bernard du ...

CASA: A window of stability

Case Studies

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Crédit Agricole on 9 March sold the largest ever Tier 2 issue, a dual-tranche transaction comprising Eu2bn and $1.5bn pieces that attracted record demand and constituted the first dual-tranche Tier 2 benchmark. Here, ...

Crédit Agricole Tier 2×2

Case Studies

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Crédit Agricole took its total AT1 issuance to some Eu3.8bn with a $1.25bn deal on 11 September, making it one of the most active banks in Basel III-compliant capital instruments. Here, Olivier Bélorgey, head of the ...

CASA: AT1 commitment

Case Studies

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Much has changed since Crédit Agricole SA first accessed the US dollar Additional Tier 1 market in January, meaning a flexile approach was adopted for its latest AT1. Here, Vincent Hoarau, managing director, head of FIG ...

Crédit Agricole: Navigating different markets

Case Studies

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France’s CNP Assurances on 27 May sold a Eu500m 31NC11 subordinated bond that addressed Solvency I, rating agency and the latest Solvency II requirements, while achieving the third-lowest coupon on a euro-denominated ...

CNP Assurances: Achieving new standards

Case Studies