Comments: CHF125m 10yr fxd cpn 0.9725% at 100, yld 0.9725%. Spread: SARON MS +41 / Govt.+73. PP: Yes. XD: Yes;
Deal Comments
Reoffer: 10yr: MS+41 / 100 / 0.9725%
Benchmark: Govt.+73
Launched: 10yr: CHF 125m @ MS+41
Guidance: 10yr: MS+41/42
Guidance: 10yr: MS+43a
Issuer: Crédit Agricole Home Loan SFH
Ticker: ACACB
Issuer Domicile: France
Status: Covered Bonds: Direct, Unconditional, Unsubordinated and Privileged Obligations Of The Issuer And Will Rank Pari Passu Without Any Preference Among Themselves.
Type: Green Public Fixed Rate Covered Bonds
Instrument Rating (exp): Aaa/AAA/AAA (Moody's/S&P/Fitch)
Issue Size: CHF 125m
Coupon: 0.9725% p.a.
Maturity: 10 years (18-Feb-26 until 18-Feb-36)
Issue Price: 100
Spread/Yield: SARON MS +41.0 / YTM 0.9725% / Govt.+73
ISIN / Security Number: CH1522231245 / 152223124
Lead Manager(s): DB, UBS, Crédit Agricole CIB (no-books)
SNB Repo-eligibility: At the discretion of the SNB, expected no
Documentation: Under the Euro 50,000,000,000 Covered Bond Programme of Crédit Agricole Home Loan SFH dated 19 February 2025 as supplemented from time to time (the “Base Prospectus”, together with the Final Terms, the “Notes Documentation”).
FinSA Prospectus: Base Prospectus dated 19 February 2025 approved in accordance with FinSA on 5 March 2025, as supplemented from time to time.
Governing Law: French
Covenants: PP, XD
SIX Listing: 16-Feb-26
Denomination: CHF 5000
Use of Proceeds: The net proceeds will be used in accordance with the Crédit Agricole Group Green Bond Framework dated November 2023, to finance or refinance in whole or in part new or existing Eligible Green residential real estate assets in France of the 39 Credit Agricole Regional Banks and LCL included or to be included in the cover pool of Crédit Agricole Home Loan SFH.
Target Market: The target market as defined by the manufacturer domiciled in the EEA (MIFID II): Eligible counterparties, professional clients and retail clients in Switzerland only (all channels for distribution), subject to applicable selling restrictions
Sales Restrictions: As per the Issuance Programme
Use of Proceeds
Finance or refinance in whole or in part new or existing Eligible Green residential real estate assets in France of the 39 Credit Agricole Regional Banks and LCL included or to be included in the cover pool of Credit Agricole Home Loan SFH