Crédit Agricole CIB SA

11/30/2021 | Press release | Distributed by Public on 11/30/2021 08:26

Crédit Agricole CIB launches its first Social Structured Product on Nasdaq Stockholm

The 5-year SEK denominated Social Notes marked the first equity linked Social Notes issued by Crédit Agricole CIB and the first equity linked Social Notes issued in the Nordic market in a public offer format.

Crédit Agricole CIB is the issuer, dealer and manufacturer of the 5-year SEK denominated Social Notes, which are linked to a basket of companies involved in the healthcare sector.

The notes have a 85% capital protection at maturity and provide an enhanced participation in the positive performance of the healthcare stock basket.

An amount equal to the proceeds of each social note will be used exclusively to finance and re-finance loans and investments that seek to achieve positive social impacts, as defined in Credit Agricole Social Bond Framework.

This innovative structured product allows investors to contribute to the financing of social projects, improving the ESG attributes of their investment portfolio.

Crédit Agricole CIB is convinced that sustainable finance, in particular Green, Social and Sustainability bonds, is a key building block to help channel more investments that contribute to fight against social exclusion and support an inclusive and sustainable growth.

The equity linked social notes are distributed in Sweden by Garantum Fondkommission AB, one of the main structured products distributors in the country. The notes will be listed on the sustainable segment of Nasdaq Stockholm, and the launch of this first social structured products in the Nordics will be celebrated at a bell-ringing ceremony to open the Nasdaq Stockholm exchange on 30th November.

"The issuance of this first equity linked social note in the Nordic market is a good illustration of our expertise in the sustainability space; an expertise that allows us to deliver new ESG solutions for our clients across Europe."

Jean-Victor Demaison, Head of Equity Solutions Sales, EMEA (ex Fra.Be.Lux) and Americas

"Crédit Agricole CIB was the first bank to publicly distribute a structured placement based on a green bond in the Nordic countries. As a pioneer in sustainable structured investments, we are pleased to get the opportunity to break new ground in an area of importance such as social finance. With the current pandemic, there are not many better investment options than one that has a positive impact on society. This innovative product offers retail investors access to social notes that was so far been reserved to institutional investors."

Mahdi Bouayad, Head of QIS & ESG Equity Solutions Structuring

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