entity.node.canonical

Access Client Services

Follow us on LinkedIn (Opens in new window)

LinkedIn

Twitter

Follow us on Youtube (Opens in new window) 

YouTube

Governance and organisation of Crédit Agricole CIB

Discover Crédit Agricole CIB

Crédit Agricole CIB in the world

Financial security

FATCA-AEOI

Fight against corruption

Directive MiFID II

Client protection

Terms of business

Dodd Frank Disclosures and notices

Compliance rules

About Us

Offering structured finance solutions

Facilitating your commercial transactions

Supporting your financing needs

Distribution & Asset Rotation

Solutions to support your financing strategy

This business line is responsible for the origination, syndication and origination activities that enable our clients to cover their capital financing needs via the market.

Equity Capital Markets

Crédit Agricole CIB supports its clients in their capital transactions, disposals, acquisitions and strategic partnerships, in France and internationally.

Mergers & Acquisitions

The Structured Financial Solutions business line designs innovative bespoke financing solutions to meet the complex challenges of our clients.

Structured Financial Solutions

Offering investment banking advisory expertise

Flow products

Structured products

Debt Capital Markets & Syndication

Securitisation

Global Markets Research

Treasury

Providing Capital Markets solutions

Financing services for Midcaps

Financing services for Tech companies

Financing services for investment funds

Wealth management for family offices

Accompanying you with your specific financing needs

Expertise

Our CSR policy

Our climate commitments

Our sectoral policies

Equator principles

Crédit Agricole Group and Crédit Agricole CIB frameworks & reporting

Our sustainable financing policies

Our sustainable financing solutions

Solidarity and cultural patronage

Management of our daily environmental impacts

Our solidarity & sustainable actions

Social Responsibility & Sustainable Finance

Why join us?

Our commitments to diversity and inclusion

Our activities

Our optimised career management

Crédit Agricole CIB works with students and recent graduates to help them discover the Bank’s business lines and initiate their career paths.

Our offers for students and young graduates

Careers

News

Regulated information

Search

Access services

entity.webform.canonical

Contact us

https://www.ca-cib.com/_next/image?url=http%3A%2F%2Fbo-en-instit-cacib.adsi.credit-agricole.fr%2Fthemes%2Fcustom%2Fbs5_ca_cib%2Fimages%2Fsocial-default-image.png&w=1920&q=100

@type

News Client successes | Crédit Agricole CIB

title

twitter:image

twitter:title

twitter:card

<body><figure @class="image"><img @height="675" @src="https://ca-cib.celum.cloud/Alpha-Trains-Image-Picture_small_35531_CDN_images.jpg" @style="aspect-ratio:1200/675;" @width="1200"></img></figure> The debt raised includes €815m of bank debt and €460m of Green USPP debt, with note maturities ranging from 10 years to 30 years, to refinance existing debt and finance the expansion of its passenger trains and locomotives fleet.We supported Alpha Trains in order to: <ul><li>Advise on optimal debt stack reorganization, </li><li>Affirm its BBB senior secured debt rating while obtaining increased leeway in the context of its development plan, </li><li>Raise monies to refinance an upcoming Public Bond maturing in June 2025 and provide the company with ample liquidity to pursue its growth plan,</li><li>Extend / amend / re-profile certain existing debt maturities,</li><li>Manage its Interest Rates exposure.</li></ul>This landmark transaction for Alpha Trains confirms strong appetite from banks and investors for the Rail sector, which has demonstrated its resilience and sustainability over time. At the occasion of this transaction, the company’s business model and the rolling stock leasing sector in general received a clear vote of confidence as Alpha Trains has notably been the first Rolling Stock Lessor in Europe to print a 30yr fixed rate bullet private placement subscribed by a granular order book of institutional investors based in North America, Europe and the UK.   <a @href="Quote1">Quote1</a>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. <grey-block>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. </grey-block> </body>

<body>On July 16th, Alpha Trains closed a €1.3bn financing, for which Crédit Agricole CIB acted as Joint Financial / Rating / Hedging / Green Advisor and Joint Placement Agent.</body>

Alpha Trains successfully closes a €1.3bn Bank & Private Placement deal

Client successes

<body><figure class="image"><img height="675" src="https://ca-cib.celum.cloud/Alpha-Trains-Image-Picture_small_35531_CDN_images.jpg" style="aspect-ratio:1200/675;" width="1200"></img></figure> The debt raised includes €815m of bank debt and €460m of Green USPP debt, with note maturities ranging from 10 years to 30 years, to refinance existing debt and finance the expansion of its passenger trains and locomotives fleet.We supported Alpha Trains in order to: <ul><li>Advise on optimal debt stack reorganization, </li><li>Affirm its BBB senior secured debt rating while obtaining increased leeway in the context of its development plan, </li><li>Raise monies to refinance an upcoming Public Bond maturing in June 2025 and provide the company with ample liquidity to pursue its growth plan,</li><li>Extend / amend / re-profile certain existing debt maturities,</li><li>Manage its Interest Rates exposure.</li></ul>This landmark transaction for Alpha Trains confirms strong appetite from banks and investors for the Rail sector, which has demonstrated its resilience and sustainability over time. At the occasion of this transaction, the company’s business model and the rolling stock leasing sector in general received a clear vote of confidence as Alpha Trains has notably been the first Rolling Stock Lessor in Europe to print a 30yr fixed rate bullet private placement subscribed by a granular order book of institutional investors based in North America, Europe and the UK.   <a href="Quote1">Quote1</a>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. <grey-block>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. </grey-block> </body>

<body><figure @class="image"><img @height="418" @src="https://ca-cib.celum.cloud/Untitled design (5)_35554_CDN_images.jpg" @style="aspect-ratio:744/418;" @width="744"></img></figure>In a hotly contested field, the Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence.<a @href="Quote1">quote1</a></body>

<body>The Euromoney Awards for Excellence recognises the achievements of banks and bankers worldwide, and is the most comprehensive awards programme in the banking industry.</body>

Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence

Green finance

<body><figure class="image"><img height="418" src="https://ca-cib.celum.cloud/Untitled design (5)_35554_CDN_images.jpg" style="aspect-ratio:744/418;" width="744"></img></figure>In a hotly contested field, the Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence.<a href="Quote1">quote1</a></body>

<body><a @href="https://www.ca-cib.com/en/social-responsibility-sustainable-finance/our-sustainable-financing-policies/credit-agricole-group">This framework</a> will be further used to finance and refinance a portfolio of Sustainability-Linked Loans (SLLs) in line with the Sustainability Linked Loan Principles.<subtitle-block>The Framework promotes SLL best market practices by fully disclosing eligibility criteria</subtitle-block>Leveraging its leading position in sustainable finance and global expertise in structuring SLL* , Crédit Agricole CIB has developed its framework to foster best-in-class practices ensuring transparency in the evaluation and selection process of eligible SLLs. It is the first framework of the market which includes a pioneering and innovative “ESG Performance Index” listing all sectoral Key Performance Indicators (KPIs) and related Sustainable Performance Targets (SPTs) used by eligible SLLs. *Source Refinitiv (2023): 1# agent in volume (Global, USDm) ; 1# agent in number of deals (Global) ; 2# lender in volume (Global, USDm) ; 1# lender in number of deal (Global)<subtitle-block>Investors can support companies that demonstrate strong climate commitments and effectively address ESG issues</subtitle-block>Crédit Agricole CIB SLLB framework offers a unique opportunity for investors to support companies with ambitious climate commitments, aligned with a 1.5°C or well below 2°C trajectory and complemented by KPIs that address the most meaningful ESG issues.<subtitle-block>The Framework is supported by an external review and leverages Crédit Agricole CIB’s input on market guidelines</subtitle-block>Crédit Agricole CIB has commissioned ISS-Corporate to review the framework’s alignment with best market practices, as well as to assess the materiality and ambition of selected eligible KPIs and SPTs. ISS also evaluated the transactions’ eligibility criteria against Crédit Agricole CIB’s overall ESG profile and strategy.Crédit Agricole CIB was also one of the coordinators of the ICMA joint-taskforce which led to the publication of the first <a @href="https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-loans-financing-bonds-guidelines-sllbg/">ICMA Sustainability-Linked Loan Bond Guidelines</a> in June 2024.  <a @href="Quote1">Quote1</a><a @class="link-pdf" @href="https://www.ca-cib.com/sites/default/files/2024-07/2024%2007%2017_Cr%C3%A9dit_Agricole_CIB_SLLB_VEN.pdf">Click here to read the full press release </a></body>

<body>On July 12th, 2024, Crédit Agricole CIB has issued its inaugural JPY 3 billion Sustainability-Linked Loan financing Bond (SLLB) using its Sustainability-Linked Loan financing Bond Framework. The transaction has been achieved with Sumitomo Life Insurance Company.</body>

Crédit Agricole CIB issues inaugural Sustainability-Linked Loan financing Bond utilising innovative Sustainability-Linked Loan financing Bond Framework

<body><a href="https://www.ca-cib.com/en/social-responsibility-sustainable-finance/our-sustainable-financing-policies/credit-agricole-group">This framework</a> will be further used to finance and refinance a portfolio of Sustainability-Linked Loans (SLLs) in line with the Sustainability Linked Loan Principles.<subtitle-block>The Framework promotes SLL best market practices by fully disclosing eligibility criteria</subtitle-block>Leveraging its leading position in sustainable finance and global expertise in structuring SLL* , Crédit Agricole CIB has developed its framework to foster best-in-class practices ensuring transparency in the evaluation and selection process of eligible SLLs. It is the first framework of the market which includes a pioneering and innovative “ESG Performance Index” listing all sectoral Key Performance Indicators (KPIs) and related Sustainable Performance Targets (SPTs) used by eligible SLLs. *Source Refinitiv (2023): 1# agent in volume (Global, USDm) ; 1# agent in number of deals (Global) ; 2# lender in volume (Global, USDm) ; 1# lender in number of deal (Global)<subtitle-block>Investors can support companies that demonstrate strong climate commitments and effectively address ESG issues</subtitle-block>Crédit Agricole CIB SLLB framework offers a unique opportunity for investors to support companies with ambitious climate commitments, aligned with a 1.5°C or well below 2°C trajectory and complemented by KPIs that address the most meaningful ESG issues.<subtitle-block>The Framework is supported by an external review and leverages Crédit Agricole CIB’s input on market guidelines</subtitle-block>Crédit Agricole CIB has commissioned ISS-Corporate to review the framework’s alignment with best market practices, as well as to assess the materiality and ambition of selected eligible KPIs and SPTs. ISS also evaluated the transactions’ eligibility criteria against Crédit Agricole CIB’s overall ESG profile and strategy.Crédit Agricole CIB was also one of the coordinators of the ICMA joint-taskforce which led to the publication of the first <a href="https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-loans-financing-bonds-guidelines-sllbg/">ICMA Sustainability-Linked Loan Bond Guidelines</a> in June 2024.  <a href="Quote1">Quote1</a><a class="link-pdf" href="https://www.ca-cib.com/sites/default/files/2024-07/2024%2007%2017_Cr%C3%A9dit_Agricole_CIB_SLLB_VEN.pdf">Click here to read the full press release </a></body>

<body>Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and Mandated Lead Arranger together with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Mandated Lead Arranger, jointly provided equal amounts of debt capital totaling EUR 400 million with a term of seven years. The banking syndicate is acting as bookrunner and underwriter.Furthermore, and also under the existing financing platform, RAILPOOL concluded a EUR 60 million revolving credit facility with KfW IPEX-Bank as sole lender for a term of seven years.<a @href="Q1">Q1</a>Legal advice on this transaction was provided by the law firms CMS Hasche Sigle for RAILPOOL and Watson Farley & Williams for the banks.<subtitle-block>About RAILPOOL</subtitle-block>RAILPOOL is one of the leading rail vehicle rental companies with genuine expertise in full service from a single source. The company was founded in Munich in 2008 and is now active in 19 European countries.With more than 600 electric and hybrid locomotives and 148 passenger vehicles (with an investment of 2.6 billion euros), RAILPOOL is one of the largest providers in Europe.The RAILPOOL fleet covers 85,000,000 kilometers every year and makes an important contribution to the modal shift to rail. RAILPOOL has six workshops of its own and a warehouse with more than 4,000 different spare parts and components. <a @href="Q2">Q2</a>For more information, visit <a @href="www.railpool.eu">www.railpool.eu</a></body>

<body>RAILPOOL, one of Europe's leading rail vehicle lessors, secured further funding for its continued growth in June 2024.</body>

RAILPOOL secures large-volume growth financing

<body>Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and Mandated Lead Arranger together with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Mandated Lead Arranger, jointly provided equal amounts of debt capital totaling EUR 400 million with a term of seven years. The banking syndicate is acting as bookrunner and underwriter.Furthermore, and also under the existing financing platform, RAILPOOL concluded a EUR 60 million revolving credit facility with KfW IPEX-Bank as sole lender for a term of seven years.<a href="Q1">Q1</a>Legal advice on this transaction was provided by the law firms CMS Hasche Sigle for RAILPOOL and Watson Farley & Williams for the banks.<subtitle-block>About RAILPOOL</subtitle-block>RAILPOOL is one of the leading rail vehicle rental companies with genuine expertise in full service from a single source. The company was founded in Munich in 2008 and is now active in 19 European countries.With more than 600 electric and hybrid locomotives and 148 passenger vehicles (with an investment of 2.6 billion euros), RAILPOOL is one of the largest providers in Europe.The RAILPOOL fleet covers 85,000,000 kilometers every year and makes an important contribution to the modal shift to rail. RAILPOOL has six workshops of its own and a warehouse with more than 4,000 different spare parts and components. <a href="Q2">Q2</a>For more information, visit <a href="www.railpool.eu">www.railpool.eu</a></body>

<body>KKR, a leading global investment firm, and Amante Capital, the UK-based hotel platform and strategic partner of KKR, announced the acquisition of the 132-key Park Grand Kensington Hotel in London, UK.The transaction marks the first acquisition by KKR and Amante Capital since the launch of their joint hotel platform in 2022.Located in the Royal Borough of Kensington & Chelsea, the Park Grand Kensington Hotel will undergo refurbishment and will be rebranded and repositioned at a boutique lifestyle hotel under Marriott International’s Tribute Portfolio brand.Crédit Agricole CIB supported the transaction by offering a 5-year green facility for re-development. The refurbishment aims to enhance environmental credentials and ESG performance of the property, reflecting KKR, Amante Capital and Crédit Agricole CIB’s commitment to an increasingly sustainable hospitality real estate industry.<a @href="Q1">Q1</a></body>

<body>Crédit Agricole CIB acted as the Green Structurer, Mandated Lead Arranger, Bookrunner, Facility Agent, and Hedging Counterparty for this first acquisition transaction since the launch of KKR and Amante Capital’s new European hotel platform.</body>

Crédit Agricole CIB supported KKR on their acquisition of Park Grand London Kensington Hotel

<body>KKR, a leading global investment firm, and Amante Capital, the UK-based hotel platform and strategic partner of KKR, announced the acquisition of the 132-key Park Grand Kensington Hotel in London, UK.The transaction marks the first acquisition by KKR and Amante Capital since the launch of their joint hotel platform in 2022.Located in the Royal Borough of Kensington & Chelsea, the Park Grand Kensington Hotel will undergo refurbishment and will be rebranded and repositioned at a boutique lifestyle hotel under Marriott International’s Tribute Portfolio brand.Crédit Agricole CIB supported the transaction by offering a 5-year green facility for re-development. The refurbishment aims to enhance environmental credentials and ESG performance of the property, reflecting KKR, Amante Capital and Crédit Agricole CIB’s commitment to an increasingly sustainable hospitality real estate industry.<a href="Q1">Q1</a></body>

<body>As part of the ITACA – ITAlian Corporate Ambition project* – Crédit Agricole Italia and Crédit Agricole CIB have supported Tinexta Group, a leading European player in the sectors of digital trust, cybersecurity and business innovation, in the most important acquisition of the company. This transaction is the first of its kind, in which we supported a mid-cap in a major acquisition in France. Indeed, the acquisition of ABF Decisions, a French company active in corporate advisory for subsidised/ soft finance based in Tours, will strengthen their international presence by enabling them to further access the European market as one of the few active operators supporting business innovation and growth. This will help them to promote their innovative services in France, which have already been successfully tested in Italy, and reinforce their expertise in the domain of public financing for innovation and sustainable development. Crédit Agricole CIB acted as M&A advisor, and both Crédit Agricole CIB and Crédit Agricole Italia acted as global coordinators in the arrangement of a syndicated loan of €220m intended to finance this acquisition. This transaction is yet another example of Crédit Agricole Italia and Crédit Agricole CIB’s ability to grow synergies for the benefit of Crédit Agricole Group clients in Italy and reinforce their ambition to develop the France-Italy corridor, which is at the heart of the mid-cap strategy of Crédit Agricole CIB’s Italian branch.(*) Created in 2016 and based on the knowledge sharing and expertise between Crédit Agricole Italia and Crédit Agricole CIB, the “ITACA - ITAlian Corporate Ambition” project aims to promote and facilitate synergies in the Large Corporate segment. It is aimed at Italian companies located between the Major Clients of Crédit Agricole CIB and the Large Corporate clients of the Crédit Agricole Italia group.<a @href="Q1">Q1</a><a @href="Q2">Q2</a></body>

<body>Crédit Agricole CIB and Crédit Agricole Italia successfully supported Tinexta Group in the acquisition of ABF decisions – evidence of the strong symbiosis between both branches benefitting clients in Italy.</body>

Crédit Agricole Italia and Crédit Agricole CIB supported Tinexta in their pivotal acquisition deal

<body>As part of the ITACA – ITAlian Corporate Ambition project* – Crédit Agricole Italia and Crédit Agricole CIB have supported Tinexta Group, a leading European player in the sectors of digital trust, cybersecurity and business innovation, in the most important acquisition of the company. This transaction is the first of its kind, in which we supported a mid-cap in a major acquisition in France. Indeed, the acquisition of ABF Decisions, a French company active in corporate advisory for subsidised/ soft finance based in Tours, will strengthen their international presence by enabling them to further access the European market as one of the few active operators supporting business innovation and growth. This will help them to promote their innovative services in France, which have already been successfully tested in Italy, and reinforce their expertise in the domain of public financing for innovation and sustainable development. Crédit Agricole CIB acted as M&A advisor, and both Crédit Agricole CIB and Crédit Agricole Italia acted as global coordinators in the arrangement of a syndicated loan of €220m intended to finance this acquisition. This transaction is yet another example of Crédit Agricole Italia and Crédit Agricole CIB’s ability to grow synergies for the benefit of Crédit Agricole Group clients in Italy and reinforce their ambition to develop the France-Italy corridor, which is at the heart of the mid-cap strategy of Crédit Agricole CIB’s Italian branch.(*) Created in 2016 and based on the knowledge sharing and expertise between Crédit Agricole Italia and Crédit Agricole CIB, the “ITACA - ITAlian Corporate Ambition” project aims to promote and facilitate synergies in the Large Corporate segment. It is aimed at Italian companies located between the Major Clients of Crédit Agricole CIB and the Large Corporate clients of the Crédit Agricole Italia group.<a href="Q1">Q1</a><a href="Q2">Q2</a></body>

<body>The recent closing of the ca. EUR 100 mln mortgage financing of a portfolio of three trophy historical properties enjoying prime locations in the very heart of Rome historical center, with Coima SGR acting as fund and asset manager.The assets have a predominant office use and are currently occupied by some of Italy's most prestigious central public institutions. Palazzo Verospi and Galleria Sciarra, which house the offices of the Presidency of the Council of Ministers - the administrative structure that assists the Italian Prime Minister - and the Italian National Anti-Corruption Authority (Autorità Nazionale Anti Corruzione). The third building is Palazzo Monte, which houses the Council of State.The assets are historical buildings with high artistic value, nevertheless the borrower has a plan to improve the sustainability performance of the portfolio over the coming years also deploying an ESG capex plan, partly financed by a capex line included in the newly granted financing, which was as such structured as a Sustainability Linked Loan in line with LMA principles.The project reaffirms the continuous commitment of all parties involved to the fight against climate change, working for the modernisation of the Italian real estate stock while preserving its historical and artistic heritage.<subtitle-block>About COIMA SGR </subtitle-block>Part of the COIMA Group, COIMA SGR is a leader in the investment, development and management of real estate assets on behalf of institutional investors, their mission is to create long term value for investors and the communities in which it operates, focusing on property fundamentals, superior execution, constant risk management and by adopting investment policies that meet environmental and social sustainability criteria.  <primary-button><a @href="https://coimasgr.com/en/media/press-releases/coima-acquires-a-portfolio-of-prestigious-properties-in-rome">Read more</a></primary-button></body>

<body>Crédit Agricole CIB acted as Mandated Lead Arranger, Lender, Agent and Hedging Bank as well as Sustainability Coordinator, further demonstrating its expertise and ambition to support its clients in their ESG commitments.</body>

Crédit Agricole CIB supports its client in the acquisition of historical and prestigious properties in Rome

<body>The recent closing of the ca. EUR 100 mln mortgage financing of a portfolio of three trophy historical properties enjoying prime locations in the very heart of Rome historical center, with Coima SGR acting as fund and asset manager.The assets have a predominant office use and are currently occupied by some of Italy's most prestigious central public institutions. Palazzo Verospi and Galleria Sciarra, which house the offices of the Presidency of the Council of Ministers - the administrative structure that assists the Italian Prime Minister - and the Italian National Anti-Corruption Authority (Autorità Nazionale Anti Corruzione). The third building is Palazzo Monte, which houses the Council of State.The assets are historical buildings with high artistic value, nevertheless the borrower has a plan to improve the sustainability performance of the portfolio over the coming years also deploying an ESG capex plan, partly financed by a capex line included in the newly granted financing, which was as such structured as a Sustainability Linked Loan in line with LMA principles.The project reaffirms the continuous commitment of all parties involved to the fight against climate change, working for the modernisation of the Italian real estate stock while preserving its historical and artistic heritage.<subtitle-block>About COIMA SGR </subtitle-block>Part of the COIMA Group, COIMA SGR is a leader in the investment, development and management of real estate assets on behalf of institutional investors, their mission is to create long term value for investors and the communities in which it operates, focusing on property fundamentals, superior execution, constant risk management and by adopting investment policies that meet environmental and social sustainability criteria.  <primary-button><a href="https://coimasgr.com/en/media/press-releases/coima-acquires-a-portfolio-of-prestigious-properties-in-rome">Read more</a></primary-button></body>

<body>This marks the first ever green issuance by a Sovereign issuer from the Gulf Cooperation Council (GCC) region, and represents the largest ever Green offering by a Sovereign issuer from the Central and Eastern Europe Middle East and Africa (CEEMA) region. Crédit Agiriole CIB acted as Global Coordinator and Joint Green Coordinator on State of Qatar’s inaugural green bond.   The transaction comprised two tranches: <ul><li>a USD 1.0 billion 5-year Green bond which priced at UST +30bps (all in yield of 4.739%) </li><li>a USD 1.5 billion 10-year Green bond which priced at UST +40bps (all in yield of 4.818%). </li></ul>The aggregate orderbook attracted over USD 14 billion of high-quality orders, allowing Qatar to price its issuance at the lowest ever pricing spread levels on a public offering from the CEEMEA region for both respective tenors. The final pricing reflected a 40bps tightening in pricing as compared to the initial price levels communicated as the books opened. Despite sizable price revisions and the final tight pricing levels, the strong demand from investors allowed the State to upsize the transaction to a total of USD 2.5 billion, which is the largest ever Green offering by a Sovereign issuer from the CEEMEA region. This offering highlights the global fixed income investor community’s appreciation of Qatar’s robust credit story. In addition, it highlights the strong reception of the newly established Green Financing Framework, where we witnessed a strong participation from ESG investors across regions in the offering.  The transaction, which is the first ever green issuance by a Sovereign issuer from the GCC region, was preceded by the publication of the State of Qatar Inaugural Sovereign Green Financing Framework. The Framework was established in accordance with the highest international standards and is aligned with the Green Bond Principles issued by the International Market Association (ICMA). The Framework entails eight Eligible Green Project Categories, and the proceeds from the transaction will aide Qatar to contribute to meet its National Climate Change Action Plan (QNCCAP), and its National Environment and Climate Change Strategy (QNE).<a @href="Quote">Quote</a>  </body>

<body>The State of Qatar successfully issued its inaugural USD2.5bn dual tranche green bond on Tuesday 21st May.</body>

Crédit Agricole CIB acts as Global Coordinator and Joint Green Coordinator on State of Qatar’s inaugural green bond

<body>This marks the first ever green issuance by a Sovereign issuer from the Gulf Cooperation Council (GCC) region, and represents the largest ever Green offering by a Sovereign issuer from the Central and Eastern Europe Middle East and Africa (CEEMA) region. Crédit Agiriole CIB acted as Global Coordinator and Joint Green Coordinator on State of Qatar’s inaugural green bond.   The transaction comprised two tranches: <ul><li>a USD 1.0 billion 5-year Green bond which priced at UST +30bps (all in yield of 4.739%) </li><li>a USD 1.5 billion 10-year Green bond which priced at UST +40bps (all in yield of 4.818%). </li></ul>The aggregate orderbook attracted over USD 14 billion of high-quality orders, allowing Qatar to price its issuance at the lowest ever pricing spread levels on a public offering from the CEEMEA region for both respective tenors. The final pricing reflected a 40bps tightening in pricing as compared to the initial price levels communicated as the books opened. Despite sizable price revisions and the final tight pricing levels, the strong demand from investors allowed the State to upsize the transaction to a total of USD 2.5 billion, which is the largest ever Green offering by a Sovereign issuer from the CEEMEA region. This offering highlights the global fixed income investor community’s appreciation of Qatar’s robust credit story. In addition, it highlights the strong reception of the newly established Green Financing Framework, where we witnessed a strong participation from ESG investors across regions in the offering.  The transaction, which is the first ever green issuance by a Sovereign issuer from the GCC region, was preceded by the publication of the State of Qatar Inaugural Sovereign Green Financing Framework. The Framework was established in accordance with the highest international standards and is aligned with the Green Bond Principles issued by the International Market Association (ICMA). The Framework entails eight Eligible Green Project Categories, and the proceeds from the transaction will aide Qatar to contribute to meet its National Climate Change Action Plan (QNCCAP), and its National Environment and Climate Change Strategy (QNE).<a href="Quote">Quote</a>  </body>

<body>Crédit Agricole CIB has closed its first Asset-Backed Notes (ABN) transaction in mainland China, issued for Volvo Car Group Financial Leasing Shanghai Co., Ltd (VCFL). Priced on 10 May, this dual-tranche transaction includes a CNY 500 million note priced at 2.63% and a CNY 600 million note priced at 2.95%. Compared to VCFL’s first ABN issuance in December 2023 priced at 3.63%, our debut ABN has substantially brought down the client’s cost of funding by 100 basis points.Established in 2019 and owned by Volvo Car Corporation, VCFL offers a comprehensive range of financial leasing products for Volvo models, supporting both individual and corporate customers in purchasing Volvo cars.This seminal, landmark transaction marks Crédit Agricole CIB’s first foray into the Chinese ABN market, following the acquisition and subsequent upgrade of the license awarded to the Bank by Chinese regulators.In June 2020, Crédit Agricole CIB China was granted a Junior Corporate Bond Underwriting Licence from China’s National Association of Financial Market Institutional Investors (NAFMII), which has enabled us to carry out underwriting business of debt financing instruments of non-financial enterprises. Since then, we have supported 15 bond/Asset-Backed Securities issues for our clients in mainland China, and our efforts to grow Crédit Agricole CIB’s market share in the onshore China market have continued and borne fruit — earlier in January 2024, Crédit Agricole CIB China received the Most Senior Licence from NAFMII to underwrite corporate debt financing instruments in the onshore interbank market. Being one of the few international banks to receive the upgraded licence to the most senior class of lead underwriter by NAFMII, the Bank is better-positioned than ever to support our clients in investing in the country’s bond market.<a @href="Q1">Q1</a><a @href="Q2">Q2</a></body>

<body>This is yet another testament to not only our leading market expertise but also our commitment to China.</body>

Crédit Agricole CIB completes its debut asset-backed notes transaction in mainland China

<body>Crédit Agricole CIB has closed its first Asset-Backed Notes (ABN) transaction in mainland China, issued for Volvo Car Group Financial Leasing Shanghai Co., Ltd (VCFL). Priced on 10 May, this dual-tranche transaction includes a CNY 500 million note priced at 2.63% and a CNY 600 million note priced at 2.95%. Compared to VCFL’s first ABN issuance in December 2023 priced at 3.63%, our debut ABN has substantially brought down the client’s cost of funding by 100 basis points.Established in 2019 and owned by Volvo Car Corporation, VCFL offers a comprehensive range of financial leasing products for Volvo models, supporting both individual and corporate customers in purchasing Volvo cars.This seminal, landmark transaction marks Crédit Agricole CIB’s first foray into the Chinese ABN market, following the acquisition and subsequent upgrade of the license awarded to the Bank by Chinese regulators.In June 2020, Crédit Agricole CIB China was granted a Junior Corporate Bond Underwriting Licence from China’s National Association of Financial Market Institutional Investors (NAFMII), which has enabled us to carry out underwriting business of debt financing instruments of non-financial enterprises. Since then, we have supported 15 bond/Asset-Backed Securities issues for our clients in mainland China, and our efforts to grow Crédit Agricole CIB’s market share in the onshore China market have continued and borne fruit — earlier in January 2024, Crédit Agricole CIB China received the Most Senior Licence from NAFMII to underwrite corporate debt financing instruments in the onshore interbank market. Being one of the few international banks to receive the upgraded licence to the most senior class of lead underwriter by NAFMII, the Bank is better-positioned than ever to support our clients in investing in the country’s bond market.<a href="Q1">Q1</a><a href="Q2">Q2</a></body>

 Virbac acquires Sasaeah, a leading animal health player in Japan

<body><figure @class="image"><img @height="2478" @src="https://ca-cib.celum.cloud/shutterstock_631616465_34995_CDN_images.jpg" @style="aspect-ratio:5760/2478;" @width="5760"></img></figure>Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. It is 100% indirectly owned by the government of Abu Dhabi and rated Aa2 / AA by Moody’s and Fitch.Tapping the bond markets is part of a significant step in diversifying ADQ’s funding sources and supporting its growth agenda, the proceeds from the offering will serve as growth capital and facilitate further investments in strategic initiatives that contribute to the realization of ADQ’s mandate.Leveraging favorable market conditions and continued investor appetite for high-quality, investment-grade bonds by emerging market issuers, the combined order book peaked at over USD 11 billion, reflecting an oversubscription of more than 4.4 times.At pricing, the annual coupon of the five-year USD 1.25 billion tranche was fixed at a rate of 5.498%, while the ten-year USD 1.25 billion tranche achieved a coupon rate of 5.5565% per annum. The issuance accomplished broad institutional distribution, attracting major investors across Asia, the US, the Middle East, UK and Europe.<a @href="Quote">Quote</a></body>

<body>Crédit Agricole CIB was proud to act as Global Coordinator and Joint Bookrunner on Abu Dhabi Developmental Holding Company (“ADQ”) inaugural bond issuance which priced on Tuesday 30th April 2024 via a dual tranche USD 1.25bn 5-year and a USD 1.25bn 10-year issuance. The bonds were issued off ADQ’s recently established GMTN Programme where our Bank was an Arranger.</body>

Crédit Agricole CIB acts as Global Coordinator and Joint Bookrunner on ADQ’s inaugural bond issuance

<body><figure class="image"><img height="2478" src="https://ca-cib.celum.cloud/shutterstock_631616465_34995_CDN_images.jpg" style="aspect-ratio:5760/2478;" width="5760"></img></figure>Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. It is 100% indirectly owned by the government of Abu Dhabi and rated Aa2 / AA by Moody’s and Fitch.Tapping the bond markets is part of a significant step in diversifying ADQ’s funding sources and supporting its growth agenda, the proceeds from the offering will serve as growth capital and facilitate further investments in strategic initiatives that contribute to the realization of ADQ’s mandate.Leveraging favorable market conditions and continued investor appetite for high-quality, investment-grade bonds by emerging market issuers, the combined order book peaked at over USD 11 billion, reflecting an oversubscription of more than 4.4 times.At pricing, the annual coupon of the five-year USD 1.25 billion tranche was fixed at a rate of 5.498%, while the ten-year USD 1.25 billion tranche achieved a coupon rate of 5.5565% per annum. The issuance accomplished broad institutional distribution, attracting major investors across Asia, the US, the Middle East, UK and Europe.<a href="Quote">Quote</a></body>