tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, March 5th, 6:23PM

Investments

rss
Latest Headlines

Credit Agricole sets rate

Credit Agricole has set the interest rate on its deeply subordinated notes at 10.035%.

Wednesday, December 19th 2007, 9:11PM 2 Comments
The French bank has raised $250 million through its offer and the notes will begin trading on the NZDX tomorrow.

The initial interest rate for the first five years is 10.035%, reflecting the margin of 1.90% over the five year swap rate. The interest rate for a further five years will be reset on 19 December 2012 at the 1.90% margin over the prevailing swap rate. From 19 December 2017 the interest rate will be reset quarterly at the same margin over the prevailing 90-day bank bill rate.

The notes are direct, subordinated, unsecured obligations of Credit Agricole.

Credit Suisse was arranger for the issue of Notes and Credit Suisse and its strategic alliance partner First NZ Capital Securities Limited acted as joint lead managers of the issue. First NZ Capital Securities acted as organising participant of the issue.

« Bridgecorp investors get bad newsFidelity says interest payment maybe postponed »

Special Offers

Comments from our readers

On 23 January 2011 at 6:34 am Buy Klonopin said:
Good article. Thank you.
http://blog.bitcomet.com/post/268742/
On 23 January 2011 at 3:48 pm Stilny said:
Good article. Thank you.
http://tafilxanor.wordpress.com/2011/01/04/12
Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 0.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com