Supporting our clients in key moments
Coordinating to act efficiently
From the very beginning of the crisis Crédit Agricole CIB’s teams coordinated to quickly meet our clients’ needs.
- 550
- 330 330 senior bankers
- 220 investment bankers
- 18 dealing rooms including 5 liquidity centers
- 30 covered markets
During 2020, Crédit Agricole CIB’s teams were mobilised to support Crédit Agricole Group’s clients and help them through these difficult times. The stronger bond of trust and the strategic dialogue established with our clients opened new prospects for the future.
From the very beginning of the Covid-19 crisis, the Bank was mobilised to meet its clients’ liquidity needs (large corporates, medium-size companies (MSC) and financial institutions). In France, State guaranteed loans (PGE) were set up as early as March 25th 2020 to meet the cash needs of companies impacted by the crisis. They complemented existing solutions, and in particular classic liquidity lines.
Gearing up to support our clients
Within Crédit Agricole Group, the Regional banks, LCL and Crédit Agricole CIB coordinated to quickly meet our clients’ needs. In all our entities, business remained very buoyant in 2020. Many significant transactions were completed. In the context of the health, economic and social crisis, we adapted our organisation: a daily committee was set up and a task force dedicated to PGE files was created. All the teams directly concerned by these transactions were mobilised: front office, coverage, legal and risk departments, back office and IT. To facilitate the signature and approval of transactions, we provided our clients with new digital solutions, such as electronic signatures. Crédit Agricole CIB’s senior bankers strengthened the strategic dialogue with their clients in order to understand their situation and offer new solutions to prepare for the future. We were thus able to provide tailor-made solutions, in particular for equity financing, for certain large groups like Amadeus, ArcelorMittal and Safran. In the area of international trade, we improved our offer by joining the Marco Polo platform which offers innovative solutions for international trade finance, using, among other things, the blockchain. This initiative strengthens our expertise in international trade finance which has been recognised for several years.
Securing FNAC / DARTY group’s treasury
One of the very first loans guaranteed by the State for a large company was set up to secure Fnac-Darty’s treasury and prepare its future in the context of the Covid-19 crisis
" Supporting our clients, in particular in key moments, is Crédit Agricole Group’s mission. In 2020 more than ever, “Working every day in the interest of our customers and society” has guided our efforts "
Didier Gaffinel
Deputy general manager in charge of Coverage and Investment banking
Offering a stronger support in the sectors we know well
Our long-standing experience in certain economic sectors such as infrastructure, telecoms and transport, gives us a strong expertise and puts us in a position to offer companies tailor-made support. As an example, we helped airlines and a European leader in aviation services get through the crisis. We also assisted the development of several major players in the telecoms sector in Europe, the United States and Asia, where we were lead manager and bookrunner of a USD 400 million bond issue for Korea Telecom Corporation. This transaction received the “Best corporate bond issue” award at The Asset magazine Triple A annual awards (Asset Asian Awards).
Helping financial institutions move towards structured finance solutions
In 2020, primary capital markets were very dynamic thanks in particular to bond issues by sovereign, supranational and agency borrowers (SSA). Our n°1 global position for bond issues in euros for financial institutions allowed us to assist many financial institutions in their green, social or classic issues.
- Best trade finance bank in western europe (GLOBAL TRADE REVIEW)
- Best export finance bank (TXF INDUSTRY CHOICE AWARDS FOR THE 3rd CONSECUTIVE YEAR)
- European bank of the year
In 2020, twelve project finance awards were given by Project Finance International, acknowledging our teams’ expertise and commitment. - N°1 In france for syndicated loans (REFINITIV)
- N°1 For bond issues in euros for financial institutions (REFINITIV)
Private Investment Banking: a new team for family holdings.
In November 2020, Crédit Agricole CIB and Indosuez Wealth Management announced the creation of Private Investment Banking. This new team will be dedicated to attracting and cultivating the loyalty of family groups. It will assist them in implementing their long-term strategy.
Read the press release
Export finance for Saudi Arabia
To support Saudi Arabia’s large strategic projects, Crédit Agricole CIB structured a USD 3 billion export financing guaranteed by Korea Trade Insurance Corporation (K-SURE), the Korean export finance agency.
More information on our site
A 1.1billion € syndicated loan for Vauban infrastructure
In the telecoms sector, Crédit Agricole CIB organised, on behalf of Vauban Infrastructure Partners and Bouygues Telecom, the syndication of a EUR 1.1 billion financing for the rollout of fiber optic cables for French households in medium density regions. Our expertise in the telecoms sector and our leading position in terms of syndication allowed us to obtain the role of sole underwriter, sole bookrunner, financial adviser (debt) of Vauban and facility agent.
More information on our site
" In 2020 capital market business lines were strongly mobilised to meet our clients’ needs in a difficult health, economic and social context. "
Pierre Gay
Deputy Chief executive officer and global head of capital markets
A successful conference on energy and infrastructure
Our 9th “Industrial, Infrastructure & Power Credit” conference organised in November 2020 brought together more than 250 participants to hear issuer presentations, expert roundtables and issuer/investor meetings. This first fully digital event attracted the most important issuers in the credit markets representing the main sectors of industry, energy and infrastructure. According to the participants, it was a great success! Learn more
Eight awards at the CMD PORTAL AWARDS 2021!
CMD PORTAL AWARDS 2021 gave Crédit Agricole CIB’s bond market activity eight awards in 2020. The innovative approach and the experience of our global teams helped support our clients throughout 2020 in spite of stock market upheaval.
More information on our site
- GLOBAL BANK OF THE YEAR 2020 (INFRASTRUCTURE INVESTOR) for the 4th time.
INITIATIVE
A new division dedicated to mscs
At the beginning of 2021, a new division was created within Crédit Agricole CIB. Its mission is to offer its mid-size company (MSC) clients in France a coordinated commercial approach, based on a range of products and solutions that meet their needs. Crédit Agricole Group thereby confirms its ambition to become the leading strategic partner for mid-sized companies. The MSC Group division is placed under the responsibility of Didier Reboul who reports to Jacques Ripoll, Deputy General Manager in charge of Crédit Agricole S.A.’s Large Clients division and Chief Executive Officer of Crédit Agricole CIB. Didier Reboul joins Crédit Agricole CIB’s Management Committee. During 2020, successful transactions were concluded with the support of the Crédit Agricole Group. These include the Fécamp offshore wind farm project, which mobilised many Group entities, the arrangement of a socially responsible loan for Icade with Crédit Agricole Ile de France, support for the social economy with LCL and CRCAM Languedoc for Frey, the development of Reden Solar with the Aquitaine Regional Bank, and the many social projects of the Grameen Crédit Agricole Foundation.
Michel Roy
Senior Regional Officer for Asia Pacific
" Crédit agricole cib was able to deepen and widen its client portfolio thanks to suitable solutions, thus creating the foundation for greater development in a rapidly changing world. "
Crédit Agricole CIB actively involved in fighting the pandemic
Crédit Agricole CIB acted as joint bookrunner for the first bond issued by the International Finance Facility for Immunisation to finance a vaccine against Covid-19. This transaction received the " Best anti-Covid-19 transaction " award during the mtn-i Asia-Pacific Awards 2020.
Focus
Growth in asia-pacific in spite of the health context
Crédit Agricole CIB’s 2022 Medium Term Plan defines strong ambitions for the Asia Pacific (APAC) region which is the world largest economic zone and also the fastest growing one. As part of the regional goal over the whole period, EUR 100 million in additional revenues should be generated by our franchise in China. The Bank is indeed actively developing its presence in China and has strengthened its capital markets as well as financing capacities. Its balance sheet is also increasing which is based on diversified sources of liquidity, such as growing client deposits and Panda bonds issued by Crédit Agricole S.A. In India, another growth area, real momentum was achieved in the multinational corporate segment thanks to the successful launch of the Bank’s Cash Management platform in December 2018. This helped the Bank forge new relationships and serve our international clients much more efficiently. Crédit Agricole CIB received several sector awards acknowledging the improvement of its product offering in the APAC region, in particular for its foreign exchange capabilities in emerging currencies. Aside from key developments in the capital markets, the Bank remains a leading debt partner able to make strong credit commitments, which are essential to its client relationships in a complex macroeconomic environment. Finally, responsible finance is also a development priority for Crédit Agricole CIB in the APAC region. Innovative products such as green swaps and green guarantees were arranged and the Bank actively led the region’s most significant transactions for the energy transition.
Exceptional transactions in the Asia Pacific region in 2020
In 2020, Crédit Agricole CIB’s teams assisted the Group’s clients in completing exceptional transactions. In project finance, Crédit Agricole CIB was mandated lead arranger, hedging bank and documentation bank for the USD 3 billion financing of the Changfang and Xidao offshore wind farm. This wind farm will provide clean energy to millions of homes in Taiwan. The deal received the “Project Financing of the Year” award at the FinanceAsia Achievement Awards 2020. In the area of infrastructure finance, we were involved as lead manager in the refinancing of the Westconnex M4 motorway in Australia. This transaction received the “Oz Transport Deal of the Year” award at the Project Finance International Awards in 2020. In the bond markets, Crédit Agricole S.A. successfully completed its second Panda issue to finance its activities in China and further diversify its long-term financing. This second issue demonstrates Crédit Agricole Group and Crédit Agricole CIB’s strong commitment to the Chinese market. In terms of syndication, we structured a USD 4.5 billion syndicated loan for the Airport Authority of Hong Kong (AAHK).This loan received the “Best Investment Grade Syndicated Loan” award from GlobalCapital Asia in 2020. We were also rewarded by GlobalCapital Asia for the refinancing of the Indian software company Hexaware Technologies for Baring Private Asia, which acquired all the remaining capital in the process. These examples illustrate our commitment to our Asia-Pacific clients. After being the first continent to be hit by the global Covid-19 pandemic, several countries including China have succeeded in returning daily life and business to normal. Our regional franchise has become a major growth driver for the Crédit Agricole Group, through Crédit Agricole CIB, but also through Amundi, Crédit Agricole Consumer Finance, Indosuez Wealth Management, etc.
The largest sovereign bond in the Asia Pacific region
The Chinese Finance Ministry issued a USD 6 billion bond for which we acted as co-lead manager and joint bookrunner. This transaction, announced in a complex market and geopolitical context, attracted international investors who put their trust in the Chinese economy’s rebound after the Covid-19 crisis. The transaction received the “Best sovereign bond issue” award during The Asset magazine annual Triple A awards (Asset Asian Awards).
- RMB house of the year (ASIA RISK AWARDS 2020)
- SRI dealer of the year (MTN-I ASIA-PACIFIC AWARDS 2020)
- Chinese banks & agencies dealer of the year (MTN-I ASIA-PACIFIC AWARDS 2020)
- Crédit agricole cib recognised as one of the credit market leaders in 2020 global capital asia