All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group
FIGRegulatory Capital

Créd Ag tackles Libor, Brexit problems with AT1 exchange

sterling_Adobe_575x375_15April2020

Crédit Agricole asked holders of its sterling additional tier one (AT1) to exchange their bonds for new notes on Thursday, which will recognise the regulatory order after Brexit and will reset the debt to pay to a rate based on Sonia rather than Libor.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree