Credit Agricole calls $1.25 billion additional tier 1 resettable notes

By Rebecca Melvin

New York, Aug. 9 – Credit Agricole SA will redeem its $1.25 billion issue of undated deeply subordinated additional tier 1 resettable notes on Sept. 23, according to a notice.

Holders will receive par plus accrued interest up to but excluding the redemption date.

The notes were issued on Sept. 18, 2014.

Credit Agricole is a Paris-based bank.

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