Crédit Agricole CIB

[#Deal 📣🍃] We are proud to have supported Groupe VALOREM in the global refinancing of a 143MW portfolio composed of solar PV and onshore wind assets with a new senior debt package of c. €200m. The VALOREM Group is one of the last independent French renewable energy independent power producer (IPP). The group develops, builds and operates wind, solar and hydroelectric assets. With its business subsidiaries VALREA (construction) and VALEMO (O&M), VALOREM is present at all stages of a renewable project and has a total of +900MW of renewable assets under construction or in operation. As Mandated Lead Arranger and Hedge Provider to VALOREM we have worked all together with Crédit Agricole Transition & Energie, Société Générale and Groupe BPCE to secure the financing and to help the group to accelerate its growth. The VALOREM Group plans to produce 1.5 TWh in 2024 and its project portfolio under development reaches 6.6 GW. This transaction also marks the ability of the Groupe Crédit Agricole to increase synergies within its organisation. This success is the result of the coordinated efforts of all the teams from Crédit Agricole Group to support its clients as they navigate through the energy transition. #Solar#Wind#Sustainability Photo: © Groupe VALOREM

[DEAL] We supported the Ministry of Finance of the People's Republic of China (China MOF) in making its comeback to the US dollar bond market after three years. The 3-/5-year dual-tranche sovereign bond offering totalling US$2 billion was priced in Saudi Arabia on 13 November. The issuance attracted US$40 billion in demand, with final orderbooks oversubscribed by 15.5 times and 27.1 times for the 3- and 5-year tranches, respectively. China MOF achieved historically tight spreads for both tranches – the US$1.25 billion, 3-year, and US$750 million, 5-year securities were priced at one and three basis points above Treasuries, respectively. We acted as one of the joint lead managers and joint bookrunners on the transaction. This is the ninth consecutive time we participated in China MOF’s international bond issuances since 2018. We are also the sole French bank to consistently underwrite dual-currency issuances in US dollars and euros for China MOF for four consecutive times. Read more: https://bit.ly/4g2bbTo

[#Deal] On November 20th, TCC Group Holdings(台泥企業團), the Taiwan-based conglomerate, which has been devoted to #EnergyTransition in the recent decade, has completed its simplified tender offer on NHOA, having thus secured 99.2% of the share capital and voting rights. NHOA is a global player acting in the fields of energy storage, e-mobility products & services design and manufacturing as well as ultra-fast charging networks that are fully enabled via renewable energy sources. We congratulate TCC for having reached this significant milestone, as part of their development strategy. We are proud to have acted as Exclusive Adviser, Presenting and Guaranteeing Bank to TCC, fully in line with our commitments towards energy transition and net zero. A warm thanks to TCC for their continued trust and congratulations to our teams involved in France and Taiwan! 🙌 Read more 👉 https://bit.ly/3Olwwew

🌱 We recently advised and supported Hong Kong’s Urban Renewal Authority (URA) in developing and publishing a Sustainable Finance Framework. The Framework will act as a guideline for deploying URA’s urban renewal strategies including low-carbon buildings, affordable housings and public facilities, and also financing their #sustainable projects. Beyond the traditional architectural aspects, the Framework was also designed to drive social impacts, such as #employment and socioeconomic #empowerment for urban renewal projects. 🙌 We’re honoured to have taken a part in supporting Hong Kong to revitalise its older districts sustainably, and positively impact the living environment for communities in the city. Read more: https://bit.ly/4fzjG8l

First successful instant #cashmanagement services experiment with the Eurosystem wholesale Central Bank Digital Currency (wCBDC) This experiment focused on deposit accounts held on-chain by several banks, with payments using a tokenized correspondent banking model and settlements conducted using wholesale CBDC (wCBDC). We conducted this experiment with CACEIS and Banque de France with the legal expertise of White & Case LLP (Paris office) and the coordination of KPMG France. BNP Paribas, SEB and Société Générale were invited as observers to share insights and demonstrate an interest for a shared standard within the industry. This experiment demonstrated: ✔️ The feasibility of a platform-less blockchain protocol. It proved that transactions can be securely settled without the need for a centralised platform operator. ✔️ The impact of a unified ledger of commercial bank money for the banking industry on the efficiency and the reduction of settlement risks. ✔️ The interoperability model of wCBDC provided on the Banque de France solution, DL3S, with #socash, an open source solution to represent deposit bank accounts in #blockchain using the properties of distributed ledger to carry out payments services. Why do we run this kind of experiments? 👇 Experimenting is key if we want to properly anticipate profound changes of the financial industry resulting from the development of digital assets. Therefore we are involved in different experiments with key actors of the financial industry and lead active discussions with regulators and the main market players (ECB, CDC, Euroclear) to define standards adapted to digital assets, in order to ensure investor protection and the stability of the financial system. You want to know more about our latest experiment? 📖 Read our article 👉 https://bit.ly/49hBZwR #cbdc

130 years of history in Hong Kong 🎉 This year, the Groupe Crédit Agricole celebrates 130th anniversary of presence in #HongKong. Having established our first office in Hong Kong in 1894, we are one of the city’s oldest registered banks, and have firmly established ourselves as a top house in financial markets and sustainable banking. Today, with over 600 dedicated staff members, we drive our clients’ growth ambition and contribute to market developments in Hong Kong SAR. We extend our heartfelt gratitude to all our clients, partners, colleagues, and to Amundi and Indosuez Wealth Management, who have been an integral part of this exciting journey. 🙏 To commemorate this anniversary, Xavier Musca, our Chief Executive Officer and Crédit Agricole S.A. Deputy Chief Executive Officer in charge of the Large Clients division hosted the celebration event organised for our clients in Hong Kong, in the presence of Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, alongside Jean-Francois Deroche, our Senior Regional Officer for Asia-Pacific, Edouard O'Neill, our Chief Executive Officer for Hong Kong, Fannie Wurtz, Deputy Chief Executive Officer (Amundi AM), Head of Distribution & Wealth Division, Passive Business Line, Asia Chairman, and Isabelle Jacob Nebout, Head of Wealth Management of Indosuez. We are committed to continuing to make a significant contribution to Hong Kong SAR’s position as a leading international finance center, maintaining its leadership in green and #sustainablefinance in Asia, as well as its role as a super-connector between mainland China and the rest of the world. Read more: https://lnkd.in/ecXKpsdp

🇮🇹 🇪🇸 In November, our teams from Italy and Spain organised different initiatives to celebrate #DiversityMonth! On November 11th, our team in Milan hosted the third edition of the Women in Finance Aperitivo, a networking event organised in collaboration with Università Bocconi of Milan. Designed to foster connections, share insights, and inspire the next generation of female leaders in the financial sector, the initiative welcomed 15 female students from Bocconi University to the Milan office, where they had the opportunity to engage in an informal yet impactful #networking session. The aim was to break down barriers and showcase that the world of finance, particularly in investment banking, is a space for everyone, regardless of gender. On November 18th, Spain teams organised a discussion with Javier Martín, actor, TV presenter, journalist, and ambassador of Adecco Foundation. Javi shared, from his own experience, an insightful and rich discussion on mental health, that offers an intimate and hopeful vision to understand how people with mental health disorders can develop professionally, personally and lead a stable life. 🙌 Thank you to our colleagues who participated at the events: we continue to support initiatives that promote #diversity and #inclusion!

[EVENT] 🙌 We were delighted to welcome this week more than 120 delegates representing 95 institutions from all continents at our 20th edition of our Official Institutions Conference in Versailles, France. With participants and speakers from Central Banks, Supranational Institutions, State Agencies, Sovereigns Administrations, and Sovereign Wealth Funds, this conference is without any doubt one of the strongest moments of the year for our Bank, where key topics surrounding the economic and financial world are discussed. This year again and as expected, subjects and challenges to face are numerous: 👉 What is the future of Europe in the new geopolitical context and what will exactly be the impact of the US elections on our continent and on the world? 👉 What is the state of Sustainable Finance in this end of 2024? What is the role of the public sector in the financing of energy transition ? 👉 What are the decarbonation strategies of the official institutions segment ? We warmly thank all participants for their contribution, as sharing our views has never been so crucial. We are also particularly grateful to Ifri - Institut français des relations internationales, Thomas Gomart, Richard Davis, Chauncey McLean, as well as our CEO and Deputy CEO of Groupe Crédit Agricole Xavier Musca for their invaluable views.

[EVENT] 🖥 We are thrilled to have participated in the Singapore FinTech Festival for the ninth consecutive year. With more than 60,00 participants, it was a great opportunity connect with industry leaders, innovators and to exchange views on Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth. Our teams showcased our latest solutions in supply chain finance and grid computing, demonstrating our commitment to driving innovation in the financial services industry. Our colleagues from Groupe Crédit Agricole, including Amundi, AZQORE SA, CACEIS and Indosuez Wealth Management joined us for these 3 days. We were honoured to participate in the French Pavilion. Our networking event, co-hosted with Bpifrance facilitated deeper discussions between FinTechs and clients. We also appreciated the insightful discussions with Banque de France. 🙌 We are already looking forward to the 10th edition in November 2025! #SFF2024 #Fintech #Innovation #DigitalTransformation #SupplyChainFinance #GridComputing #FranceSingapore

[#DIVERSITYMONTH] Discussing workplace inclusion with Café Joyeux US, an organisation dedicated to providing meaningful employment to individuals who face challenges in accessing job opportunities due to disabilities. Since October 1st, we are actively supporting the recent installation of Café Joyeux in New York by sourcing our coffee directly from them. As part of our initiatives to promote diversity and inclusion, we had the privilege to receive Sylvie Giret, CEO of Café Joyeux US, a few days ago in our New York Office. She shared with us inspiring insights into Café Joyeux’s mission to create inclusive workplaces and their dedication to supporting individuals with #disabilities. We also had the chance to listen to the personal story of Diana, a member of the Café Joyeux’s team, providing a unique perspective on the impact of #inclusion within their organisation. These meaningful discussions reinforce our conviction that fostering an inclusive environment for all is essential to promote equal opportunities and #diversity. This event comes in addition to the initiatives ran as part of our “Allyship to Inspire Inclusion” which provide staff with greater knowledge of diversity as a whole, best practices for allyship, and actionable ways to contribute to creating a more inclusive workplace. A warm thank you to everyone who joined us for our Diversity Month event, highlighting our collaboration with Café Joyeux, we look forward to continuing this journey!