Credit Agricole to redeem all 7.047% trust preferreds on April 26

By Tali David

Minneapolis, March 26 - Credit Agricole SA subsidiary Credit Lyonnais SA announced that CL Capital Trust I will redeem all of its euro-denominated 7.047% trust preferred securities.

The securities will be redeemed at par plus accrued interest on April 26, according to a press release.

Credit Lyonnais is active in retail, corporate and bank assurance in France. Credit Agricole is a banking group based in Paris.

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