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Crédit Agricole phases out Libor for Sonia with AT1 exchange

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By Frank Jackman
21 Jun 2021

Crédit Agricole has phased out Libor for Sonia on some of its outstanding sterling additional tier one (AT1) paper, following the successful completion of an exchange offer that allowed investors to swap old paper for new notes with a modified back-end.

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By Frank Jackman
21 Jun 2021