POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : HIGHISIN: FR001400YAD3
ACAFP 4.125% 18Mar2035 Corp (EUR)
CREDIT AGRICOLE SA
Indicative Bid Price
97.884
Bid Yield to Maturity
4.883%
Bid Yield to Call
4.814%
Min. Investment (Nominal)
100000
Indicative Ask Price
98.083
Ask Yield to Maturity
4.855%
Ask Yield to Call
4.748%
Next Call Date
17 Mar 2030
Credit Rating (Bond)
A-
High Investment Grade
Seniority
Subordinated
Capital Structure
Tier 2 (Subordinated Debt)
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity3. Oct5. Oct7. Oct9. Oct11. Oct13. Oct15. Oct17. Oct19. Oct21. Oct23. Oct25. Oct27. Oct29. Oct31. Oct4.54.64.74.84.955.1FSM Global
Bond Information
Credit Agricole SA operates as a bank holding company. The Company, through its subsidiaries, offers banking, insurance, consumer finance, leasing, and factoring services, as well as designs and manages financial products. Credit Agricole serves customers worldwide.
Bond Issuer
Credit Agricole SA
Guarantor
-
Announcement Date
12 Mar 2025
Issue Date
17 Mar 2025
Maturity Date / Next Call Date
17 Mar 2035 / 17 Mar 2030
Years to Maturity / Next Call
8.373 / 3.371
Issue/Reoffer Price
99.770
Issue/Reoffer Yield
4.177
Coupon Type
Variable
Annual Coupon Rate (%)
4.125
Annual Coupon Frequency
Annually
Seniority
Subordinated
Exchange Listed
Others
Reference Rate
Reset Date: 18 March 2030 and every 5 years thereafter
Reset Rate: Euribor ICE Swap Rate + Initial Spread (1.650%)
ISIN
FR001400YAD3
CUSIP
YQ3892482
Bond Currency
EUR
Total Issue Size
EUR 750,000,000
Minimum Investment Quantity (Nominal)
EUR 100,000
Incremental with Min Investment Quantity (Nominal)
EUR 100,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/AA-
Bond Credit Rating (S&P/ Fitch)
***/A-
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
Tier 2

Bail-In

The Relevant Resolution Authority may exercise the Bail-in Tool as follows:

• Capital Instruments that remain outstanding at the time the Bail-in Tool is applied (see “Write-Down and Conversion of Capital Instruments” above) must first be written-down or converted to equity or other instruments, in the following order of priority: (i) common equity tier 1 instruments are to be written-down first (including common equity tier 1 instruments into which the Deeply Subordinated Notes and the Subordinated Notes were previously converted), (ii) additional tier 1 instruments issued before 28 December 2020 and additional tier 1 instruments issued after 28 December 2020 so long as they remain totally or partly qualified as such are to be written-down or converted into common equity tier 1 instruments, and (iii) tier 2 instruments issued before 28 December 2020 and tier 2 instruments issued after 28 December 2020 so long as they remain totally or partly qualified as such are to be written-down or converted to common equity tier 1 instruments.

• Next, the Bail-in Tool may be used to write-down or convert Eligible Liabilities in the following order of priority: (i) subordinated debt instruments not qualifying as Capital Instruments (such as the Deeply Subordinated Notes and the Subordinated Notes issued after 28 December 2020 if and when they are fully excluded from Additional Tier 1 Capital and/or Tier 2 Capital, as applicable) are to be written-down or converted into common equity tier 1 instruments and (ii) any other Eligible Liabilities are to be written-down or converted into common equity tier 1 instruments, in each case in accordance with the hierarchy of claims in normal insolvency proceedings. In this regard, unsecured senior non-preferred debt instruments (such as the Senior Non-Preferred Notes) would be written-down or converted to equity before any Senior Preferred Obligations (such as the Senior Preferred Notes) of the Issuer. Instruments of the same ranking are generally written-down or converted into equity on a pro rata basis.
If an “Issuer Call” is specified as applicable in the relevant Final Terms, the Issuer may, at its option, on giving not less than fifteen (15) nor more than thirty (30) calendar days’ notice to the holders of such Note in accordance with Condition 16 (Notices), (or such other notice period as may be specified in the relevant Final Terms) redeem all or, if so provided, only some of, the outstanding Notes on any optional redemption date(s) as specified in the relevant Final Terms (each an “Optional Redemption Date”), at their Optional Redemption Amount determined in accordance with Condition 7(m) (Optional Redemption Amounts) (together with interest accrued thereon but unpaid to the date fixed for redemption).

Optional Redemption Date(s): The First Reset Date - 18 March 2030
Redemption upon the occurrence of a MREL/TLAC Disqualification Event

(i) If “MREL/TLAC Disqualification Event Call Option” is specified as applicable in the relevant Final Terms, then upon the occurrence of a MREL/TLAC Disqualification Event, the Issuer may, at its option, at any time and subject to the provisions of Condition 7(c)(ii) below and having given not more than thirty (30) nor less than fifteen (15) calendar days’ prior notice to the holders of such Notes in accordance with Condition 16 (Notices), redeem all (but not some only) of the outstanding Notes at their Early Redemption Amount determined in accordance with Condition 7(l) (Early Redemption Amounts) (together with any interest accrued thereon but unpaid to the date set for redemption).

(ii) Any redemption upon the occurrence of a MREL/TLAC Disqualification Event will be subject :
(a) in the case of Senior Notes, to the provisions of Condition 7(j) (Additional conditions to redemption, purchase and cancellation of Senior Notes), and
(b) in the case of Subordinated Notes and Deeply Subordinated Notes, to the provisions of Condition 7(k) (Additional conditions to redemption or purchase and cancellation of Subordinated Notes and Deeply Subordinated Notes).

Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (MATURITY)
01 Nov 202697.88698.0824.7474.866
29 Oct 202697.99998.1944.7104.858
28 Oct 202697.61097.8104.8374.912
27 Oct 202697.26497.5244.9304.953
26 Oct 202697.19197.4374.9594.952
25 Oct 202697.13997.3444.9895.013
22 Oct 202697.68697.9194.7974.914
21 Oct 202697.89598.1184.7314.877
20 Oct 202698.16898.3954.6394.841
19 Oct 202698.24998.4624.6164.820
Total of 66 entries
10 / Page
FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Pricing Supplement
Issue of EUR 750,000,000 Subordinated Callable Fixed Rate Resettable Notes due 18 March 2035. Final Terms dated 14 March 2025.
pdfIcon
Prospectus
Euro Medium Term Note Programme. Base Prospectus dated 5 April 2024.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
ACAFP 3.950% 22Jul2032 Corp (SGD)

Credit Agricole SA

 21 Jul 2027
(Next Call Date)		 100.717 2.921% p.a. ***/A-
TRANSACT
ACAFP 4.850% 27Feb2033 Corp (SGD)

Credit Agricole SA

 26 Feb 2028
(Next Call Date)		 101.375 3.761% p.a. ***/A-
TRANSACT
ACAFP 5.250% 07Sep2033 Corp (SGD)

Credit Agricole SA

 06 Sep 2028
(Next Call Date)		 102.083 4.061% p.a. ***/A-
TRANSACT
ACAFP 4.250% 14Jan2035 Corp (SGD)

Credit Agricole SA

 13 Jan 2030
(Next Call Date)		 100.550 3.812% p.a. ***/A-
TRANSACT
ACAFP 5.875% Perpetual Corp (EUR)

Credit Agricole SA

 22 Mar 2035
(Next Call Date)		 94.833 6.454% p.a. ***/BBB
TRANSACT
ACAFP 2.750% 15Jan2032 Corp (SGD)

Credit Agricole SA

 14 Jan 2031
(Next Call Date)		 97.083 3.294% p.a. ***/A+
TRANSACT
ACAFP 3.300% 25May2038 Corp (SGD)

Credit Agricole SA

 24 May 2033
(Next Call Date)		 95.125 3.817% p.a. ***/A-
TRANSACT
ACAFP 5.350% 13Feb2031 Corp (AUD)

Credit Agricole SA

 12 Feb 2031 97.388 6.050% p.a. ***/AA-
TRANSACT
ACAFP 6.447% 13Feb2041 Corp (AUD)

Credit Agricole SA

 12 Feb 2036
(Next Call Date)		 93.365 7.320% p.a. ***/A-
TRANSACT
ACAFP 5.808% 13Aug2032 Corp (AUD)

Credit Agricole SA

 12 Aug 2031
(Next Call Date)		 97.430 6.378% p.a. ***/A+
TRANSACT
Total of 12 entries
10 / Page
FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
waveHandIcon

Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
EUR 3,139.03
Years to Call
3 years 3+ months
Est. Total Income
EUR 16,500.00
Yield to Call
-
Indicative Cash Flow
Nominal Value
EUR 100,000.00
  • 2030
    Mar
    Coupon
    EUR 4,125.00
    Early Redemption
    EUR 100,000.00
  • 2029
    Mar
    Coupon
    EUR 4,125.00
  • 2028
    Mar
    Coupon
    EUR 4,125.00
  • 2027
    Mar
    Coupon
    EUR 4,125.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
Tools
Bond Calculator
Bond Selector
Recommended Bonds
Yield Curve
Index Data