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Credit Agricole CIB
Your Partner in
Export Finance
Your partner in over 50 countries
Colombo, July 4th 2013
Franck PassillierCrédit Agricole CIB Singapore Branch
2
Contents03
ONE Export Finance Overview
13
TWO Crédit
Agricole
CIB: Your Partner in Export FinanceGlobal footprint, case studies & track record
23
THREE Crédit
Agricole
at a glance
30
FOUR
Contact details
3
CHAPTER ONE
Export Finance Overview
4
An Export Credit (also called buyer’s credit) is a loan:
Covered by an ECA (Export Credit Agency) which brings public support at different levels: (i) an insurance or a guarantee to the Lending Bank and possibly (ii) a fixed interest
rate to the Borrower
Delivered directly to the Borrower to support the financing of the capital goods & services imported by the Buyer
The Lending Bank pays directly the exporting Supplier of equipment and services on behalf of the Buyer
The loan is guaranteed by the ECA of the Supplier’s country against political and commercial risks
Export Finance – An Efficient Financing Scheme
Lending Bank
etc…
5
Export Finance – Main Features (1/2)
ECAs have to comply with the OECD Arrangement that defines the International rules with respect to:
Amount of credit:
▪
Up to 85% of the commercial contract eligible portion (= imported)
▪
Possibility to increase the amount of the export credit (subject to ECA’s
approval) to cover:
goods and services from third countries, and
part of local portion of the commercial contract of up to 30% of the imported portion
part or whole of the credit insurance premium, and/or IDC (interest during construction)
▪
Major international currencies available (EURO, USD, JPY, GBP..) and, on a case-by-
case basis, the local currency
The financing can be arranged in a different currency than the commercial contract but this leads to a forex
risk during drawing period
Down-payment:
▪
Of not less than 15% of the eligible portion cannot be financed
through the buyer’s credit
▪
Possibility to arrange another specific financing (not covered by the ECA) i.e. a tied commercial loan, a bilateral facility
6
Export Finance – Main Features (2/2)
Tenor and reimbursement:
▪
The
Drawing period mirrors the construction / delivery period. For most projects,
drawing periods are usually of 1 to 4 years
▪
The
Repayment period depends upon the nature of the capital goods and its
economic life from 5 years for some machine tools up to 18 years for nuclear facilities, renewable and water projects:
Telecom: 1 to 2 years construction period + 5 to 8 years of repayment period
= 6 to 10 years door-to-door
Infrastructure: ~ 3-4 years + 8 to 10 years
of repayment period = 11 to 14 years door-to-door
Power: ~ 3-4 years + repayment period up to 10 years for gas fired plants, 12 years for coal fired plants
and 18 years for hydro-power plants
Nuclear power plants
(NPP): ~ 6-7 years of construction period + repayment period up to 18 years
Renewable, Water projects: ~ 3-4 years of construction period + repayment period up to 18 years
7
Bank remuneration
Margin
Fees (commitment fees, arrangement fees) to annualize/average life
Ancillary costs: agency fees, travel and translation expenses if
any
ECA premium
Defined by the ECA (to be annualized/average life)
Computation based on: the country (7 risk categories), the status of the borrower (sovereign, public entity, corporate, bank), the loan maturity and the percentage of cover
Independent consultants fees (Environmental Impact Assessment,…) if required depending on the underlying project
Legal costs (external legal firms –
fee cap on a case-by-case basis)
Export Finance – All-in Cost
Currency Repayment tenor Rate<= 5 years 1.40%> 5 to 8.5 years 1.84%> 8.5 years 2.31%<= 5 years 1.22%> 5 to 8.5 years 1.64%> 8.5 years 2.10%<= 5 years 1.18%> 5 to 8.5 years 1.35%> 8.5 years 1.56%
US Dollar
Euro
JP Yen
Interest rate options:
Market floating rate + Margin (it can be swapped into a market fixed rate) or
Commercial Interest Reference Rate (“CIRR”): fixed interest rate set by the OECD every month + additional Margin applied by the lenders depending on the ECA involved. Available for main OECD currencies: EUR, USD, GBP,
JPY, CHF, SEK, KRW, AUD…)
Specific CIRR-rates grid for Renewable Energies & Water Projects
with repayment tenors > 12y to ≤
18y: vary today between 2.30% to 3.02% in EUR, 2.51% to 3.23% in USD, 1.76% to 2.08% in JPY (+ additional Margin) http://www.oecd.org/tad/exportcredits/cirrs
CIRR fixed interest rate
For the period 15 June 2013 –
14 July 2013, standard
CIRR rate are:
8
Export Finance – Multisource scheme
If the project implies sourcing of equipments from different countries, specific structures are possible:
Reinsurance scheme:
A single ECA covers the total contract/financing while being reinsured by other ECAs
(need for reinsurance agreements between the ECAs
involved beforehand):
One financing document
Co-insurance scheme:
Each ECA covers the portion originating from its own country
Financing documents consists of:
-
As many loan agreements as ECAs
involved,-
Usually a Common Terms Agreement (CTA) signed by all parties re. the general terms & conditions applicable to all loans
9
Bank isapproached to issue
a letter of intent
Tender documentsissued
Delivery of letterof intent and issuance
of the bid bond
Technical & Commercialoffers are delivered
Negotiation of theBuyer’s credit facility
Bond(s) issuing
Signature of theCommercial Contract
Signature ofBuyer’s Credit facility
Enforcement of theCommercial Contract
Starting Point ofRepayment
Delivery of equipmentOr
Provisional acceptance
Export Finance – Timeline in parallel with the Commercial Contract
The Export Credit is made to perfectly match the Commercial Contract’s life
10
Export Finance – Inflows and Outflows
Inflows = drawings made by the Borrower on the Buyer’s Credit during the drawing period
Depending on the contractual payment terms, drawings can be made on any of the following modes :
Upon each delivery date (eg. Supply contract with several deliveries)
At the end of the contract execution
Upon each milestone execution (eg. EPC contract)
The Starting Point/Date of Repayment and the loan’s maturity are decided by the involved ECA
Outflows = semi-annual equal repayments of principal and payment of interests, starting 6 months after the SPR (possible tailor-made repayment profile if justified and subject to OECD rules and ECA’s
approval)
11
Project Identification Indicative offer by CACIB Working mandate to CACIB
Filing of application to ECA
Transaction & Environmental Due Diligence
Preliminary Approval by ECA Syndication by CACIB
Final Approval by ECA
Documentation
Financial Closing
Application Procedure -- Flowchart
Full process between 3 and 6 months for a normal transaction; or more depending on the complexity and parties’
performance
Before commercial contract execution, at advanced discussions stage btw Supplier or Buyer to approach the ECA which will opine on the eligibility of the contract and assess the financing amount & terms on the basis of the contemplated export contract
Full information package usually needed to present the transaction to the ECAs
: information on the sponsor, borrower, the project (economics, technical aspects, environmental impact, cash flow projections and business plan when relevant) for due diligence purposes
Export Finance – The Process
12
For the Buyer / Borrower
Capacity to raise large amount of financing
Long tenor from 5 to 25 years (depending upon the nature of equipments)
Possibility to get fixed interest rate (some exceptions) with no hedging cost
Flexible drawings in line with the progress of the construction
Grace period corresponding to the construction period + 6 months (no cash outflow until project completion)
Possibility to capitalize interest payments during construction period (IDC), get the premium and part of local content financed (ECA approval)
Possibility of refinancing scheme (ECA approval)
For the Supplier / Exporter
Direct payments on delivery or against milestone execution
No implication in the loan agreement negotiation
ADVANTAGES CONSTRAINTS
Recourse to export credit to be taken into account when drafting the Commercial Contract
To follow established OECD rules, ECA requirements…
Credit insurance premium cost payable to the ECA
Environmental and Social Considerations
Export Finance – Advantages and Constraints
13
CHAPTER TWO
Crédit Agricole
CIB: Your
Partner in Export Finance -
Global footprint, case studies & track record
14
The Lead Bank has a crucial role in the implementation of export credits since its expertise and privileged contactswith all major ECAs will be determinant in the good delivery of these tailor-made financing solutions
Important to select a Lead Bank with proven track record with the relevant ECAs involved
The Lead Bank is in charge of:
Coordinating with ECA(s) for the smooth processing of the application
Supporting ECA’s
due diligence process
Coordinating discussions between relevant parties (Exporter, Offtaker
or Investors) and the Borrower
Structuring, arranging, lending the facility and syndication (if
any)
Providing additional options/services: supplementary commercial loan facility, hedging
Managing the Documentation process with the Borrower, the Lenders, and the legal counsel(s)
Crédit Agricole CIB Export Finance – The Lead Bank Role
15
15
Finland1 dedicated
professional
Germany4 dedicated
professionals
Poland
Italy3 dedicated
professionnals
France+20 dedicated
professionals
United Kingdom3 dedicated
professionals
Czech Republic
Spain2 dedicated
professionals Switzerland1 dedicated
professional
Russia3 dedicated
professionals
Sweden3 dedicated
professionals
Dedicated
Export & Trade Finance Team
ECA covered
Crédit Agricole CIB Export Finance – A Solid Global Footprint Covering the Main ECAs Worldwide
16
16
China1 dedicated
professional
Singapore1 dedicated
professional
Korea2 dedicated
professionals
Japan4 dedicated
professionals
Hong Kong2 dedicated
professionalsUAE/Dubai1 dedicated
professional
USA / Canada4 dedicated
professionals
Mexico1 dedicated
professional
Brazil2 dedicated
professionals
Dedicated
Export & Trade Finance Team
ECA covered
Australia
Crédit Agricole CIB Export Finance – A Solid Global Footprint Covering the Main ECAs Worldwide
17
Islamic DevelopmentBank
A complementary
financing
solution to conventional
Export Finance
Crédit Agricole CIB Export Finance – Global relationship with Multilateral Development Banks
18
Financing
Project Overview
Key Features
•
100% long term financing in USD equivalent consisting of:
a 14.25-year Coface-backed facility for 85% of the EUR-Imported and LKR-Local portions, plus Premium, arranged by Crédit
Agricole
CIB. Fixed interest rate
a 10-year Tied Commercial Loan for 15% of the EUR-Imported and LKR-Local portions, arranged by Hatton National Bank. Floating interest rate
•
Borrower: Ministry of Finance of Sri Lanka
•
Financing of Alstom / Ceylan Electricity Board contract for the refurbishment & rehabilitation of New Laxapana
& Wimalasurendra
Hydro Power stations located in the South-West part of Sri Lanka. Contract denominated in EUR (Imported portion) and LKR (Local portion)
•
Efficient cooperation between Crédit Agricole CIB (CACIB) and Hatton National Bank (HNB):
-
to figure out and implement the right financing plan to cover 100% of the contract amount
- to accommodate the multiple-currencies requirements to meet the Borrower, the Buyer and the Supplier’s considerations (USD, EUR, LKR)
•
CACIB acted as Global coordinator while both CACIB and HNB acted
as Mandated Lead Arranger (MLA) and Facility Agent of their facility respectively
•
Executed in December 2008 to support the development of Sri Lanka’s power capacity within a difficult political context locally. Hence the need to work with
knowledgeable banks to bring sufficient comfort and COFACE on board
20
08
Ministry of FinancePower Stations Upgrade
Sri Lanka
French Export FinancingEUR 36,404,500LKR 590,000,000
Facility Agent & MLA
Crédit Agricole CIB Export Finance – Case Study (1/3) Successful partnership to provide a 100% financing solution in Sri Lanka
19
Financing
Project Overview
Key Features
•
SEK 3,9 Billion and EUR 55 Mio Buyer Credit with 100% EKN cover and funding from AB SEK with a tenor of 4+12 years (tranche 1) and 5+12 years (tranche 2)
•
Borrower: PowerGrid
Corporation of India
•
Financing of ABB delivery to PowerGrid
Corporation of India of the First multi-terminal ultra- high-voltage direct current (UHVDC) transmission system. The link will supply power from north-east India to the populous region of Agra in central India, 1,700 kilometers away
•
CA-CIB acted as:• Global Coordinator (9 international institutions incl. SEK and EKN)• Mandated Lead Arranger (MLA)
•
Coordination of a 7 foreign banks group: • Crédit
Agricole
CIB • Fortis Bank SA/NV trading as BNP Paribas• Nordea
Bank AB • Skandinaviska
Enskilda
Banken
AB • Société
Générale• Svenska
Handelsbanken
AB • AB Svensk
Exportkredit
•
SEK acting as sole lender from the signing of the facility, with
a counter-guarantee of each MLAs
for the documentation risk
20
11
Power Grid Corp of India HVDC substations
India
Swedish Export Financing+ Tied Commercial LoanSEK 3,895,000,000
EUR 55,000,000
Global Coordinator, MLA
Crédit Agricole CIB Export Finance – Case Study (2/3)Landmark EKN-covered facility with SEK funding in India
20
Financing
Project Overview
Key Features
•
EUR 319 Mio and USD 101 Mio Multisource Export financing involving 5 ECAs: Euler Hermes, Finnvera, ODL, OeKB, Sinosure. This financing is divided into 8 tranches, including two commercial loans for a total amount of EUR 66 Mio
•
Borrower: Hyundai Steel
•
Construction of the Hyundai Steel Company third blast furnace involving a highly diversified industrial sourcing
•
CA-CIB acted as:• Global Coordinator (11 international institutions) • Global Agent• Security Agent• Mandated Lead Arranger (MLA)• Account Bank and Documentation Bank
•
Coordination of a 6 foreign banks group:• Crédit
Agricole
CIB • Bank of Communications• Bank of Tokyo-Mitsubishi UFJ• HSBC• ING Bank• Landesbank Baden-Württemberg
•
Complex ECA debt raising deal involving 6 banks and 5 ECAs to cover multiple sourcing and contract structures: multiple currencies, multiple execution periods, multiple payment terms under the various supply agreements. This transaction was closed in a very challenging and moving economical and monetary environment
Crédit Agricole CIB Export Finance – Case Study (3/3)Landmark Multisource Export Financing in South Korea
20
11
Hyundai Steel Company
South Korea
Multisource Export FinancingEUR 319,000,000USD 101,000,000
Global Coordinator, Facility Agent, MLA
21
20
12
EvrazMetallurgical Plants
Russia
ODL Export Financing
EUR 39,000,000
Sole MLA and Facility Agent
20
12
Dubai Electricity and Water Authority (DEWA)
United Arab Emirates
Euler Hermes Export Financing
EUR 60,000,000
Co- Arranger
20
12
eAccess Ltd.Japan
EKN Export Financing
JPY 17,000,000,000
MLAFacility and Security Agent
20
12
Hispasat Canarias SLSpain
Coface Export Financing
USD 96,050,000
Mandated Lead Arranger
20
12
Ministry of FinanceVenezuela
Coface Export Financing
EUR 556,000,000
Mandated Lead Arranger
20
12
Eskom Holding LTD South Africa
Coface Export Financing
EUR 64,000,000
Sole MLA and Facility Agent2
01
2
Astaldi SPA Italy
SACE Export Financing
EUR 60,000,000
MLA and Facility Agent
20
12
Idea Cellular Ltd.India
Finnvera Export Financing
USD 100,000,000
Co-MLA and Facility Agent
20
12
Nanjing Iron & Steel Co. Ltd.China
Euler HermesExport Financing
EUR 27,500,000
Sole MLA, Facility Agent
20
12
OSJC MegafonRussia
Finnvera Export Financing
USD 110,000,000
Co-MLA2
01
2
Ichthys LNG ProjectInpex Corporation
Japan
Project FinancingInvolving 8 ECAs
USD 20,000,000,000
Financial Advisor, Joint MLA
20
12
Blagovest satellites projectSberbank
Russia
Coface Export Financing
EUR 179,000,000
MLA, Global Coordinator, Facility Agent
20
12
Private Export Funding Corporation
United States
Revolving loan
USD 1,250,000,000
Lender
20
12
2 B777-300ERs aircraftsLatam AirlinesBrazil - Chile
US EXIM Bank Guaranteed Secured Notes
USD 288,000,000
MLA, Joint BookrunnerStructuring Agent
20
12
PetróleosMexicanos
Mexico
US EXIM Bank Guaranteed Secured Notes
USD 1,200,000,000
Facility Agent, Structuring Agent, Joint bookrunner
Crédit Agricole CIB Export Finance – A proven track record -
Selected credentials 2012
22
20
11
PetroVietnamCa Mau Fertilizer Plant
Vietnam
Sinosure Export Financing
USD 250,000,000
Lead Arranger
20
11
PetroVietnam PowerDak Drinh Hydro Power
Vietnam
NEXI Untied Facility
USD 178,000,000
MLA, Facility Agent
20
11
Michelin Shenyang Tire CoFactory Equipment
China
Coface Export Financing
EUR 251,000,000
Joint MLA
20
11
Idea CellularIndia
Finnvera Export Financing
USD 140,000,000
Arranger
20
11
Power Grid Corp of India HVDC substations
India
EKN Export Financing+ Tied Commercial LoanSEK 3,895,000,000
EUR 55,000,000
Arranger
20
11
PDVSA Expansion of 2 Refineries
Venezuela
NEXI Untied Facility& JBIC Direct Loan
USD 1,500,000,000
MLA
20
11
Odebrecht - BraskemPolyethylene Plant Upgrade
Brazil
NEXI Untied Facility
USD 200,000,000
MLA, NEXI Agent2
01
1
Eurasia Natural Resources Smelting Equipment
Kazakhstan
Euler HermesExport Financing
EUR 185,000,000
MLA2
01
1
OAO MosenergoElectric Equipment
Russia
Euler HermesExport Financing
EUR 89,250,000
Arranger
20
11
VnesheconombankAvionic Equipment
Russia
Coface Export Financing
EUR 27,800,000
Agent and MLA
20
11
Tüpras Izmit refinery Turkey
SACE / CESCEExport Financing
USD 149,200,000
MLA
20
11
Municipality ofIstanbul
Metro line extensionTurkey
MIGA Guaranteed Loan
EUR 242,700,000
Mandated Lead Arranger
20
11
Mong Duong 21,240MW Thermal
Power PlantVietnam
Project FinancingInvolving KSURE & KEXIM
USD 1,461,000,000
MLA, Documentation Bank, Intercreditor Agent
20
11
Hyundai Steel Company
South Korea
Multisource Export Financing involving 5 ECAs
EUR 394,000,000
Arranger
20
11
O3bSatellite and Launcher
United Kingdom
Coface Export FinancingUSD 85,000,000
MLA, Intercreditor Agent, Security Agent
Crédit Agricole CIB Export Finance – A proven track record -
Selected credentials 2011
23
CHAPTER THREE
Crédit Agricole at a glance
24
Crédit Agricole is the World’s No.6 Bank measured by Total Asset
… and No.13 Bank measured by Tier One Capital.
Crédit Agricole
is Europe’s No. 4 Bank by Tier One Capital and by Total Assets
Source: The Banker, July 2012
Crédit Agricole Group – A banking giant with a global footprint
Top 25 by Total Assets2011 (year end)
Top 25 by Tier One Capital 2011 (year end)
Rank Bank Country
1 Deutsche Bank Germany 2 800 133
2 Mitsubishi UFJ Financial Group Japan 2 664 171
3 HSBC Holdings UK 2 555 579
4 BNP Paribas France 2 542 880
5 ICBC China 2 456 295
6 Credit Agricole France 2 431 932 7 Barclays UK 2 417 369
8 Royal Bank of Scotland (RBS) UK 2 329 767
9 JP Morgan Chase & Co US 2 265 792
10 Bank of America US 2 136 578
11 Mizuho Financial Group Japan 2 012 909
12 China Construction Bank Corporation China 1 949 219
13 Bank of China China 1 877 520
14 Citigroup US 1 873 878
15 Agricultural Bank of China China 1 853 319
16 Sumitomo Mitsui Financial Group Japan 1 741 213
17 Banco Santander Spain 1 619 349
18 Societe Generale France 1 528 577
19 UBS Switzerland 1 508 303
20 Lloyds Banking Group UK 1 500 561
21 Groupe BPCE France 1 472 969
22 Wells Fargo & Co US 1 313 867
23 ING Bank Netherlands 1 243 651
24 UniCredit Italy 1 199 146
25 Credit Suisse Group Switzerland 1 115 065
(USDmillion) Rank Bank Country (USD
million)
1 Bank of America US 159 232
2 JP Morgan Chase & Co US 150 384
3 ICBC China 140 028
4 HSBC Holdings UK 139 590
5 Citigroup US 131 874
6 China Construction Bank Corporation China 119 135
7 Mitsubishi UFJ Financial Group Japan 117 018
8 Wells Fargo & Co US 113 952
9 Bank of China China 111 173
10 Agricultural Bank of China China 96 413
11 BNP Paribas France 91 858
12 Royal Bank of Scotland (RBS) UK 88 112
13 Credit Agricole France 80 222 14 Banco Santander Spain 79 897
15 Barclays UK 78 036
16 Mizuho Financial Group Japan 77 879
17 Sumitomo Mitsui Financial Group Japan 76 377
18 Lloyds Banking Group UK 68 024
19 Deutsche Bank Germany 63 462
20 Goldman Sachs US 63 262
21 UniCredit Italy 55 530
22 Norinchukin Bank Japan 53 837
23 Groupe BPCE France 53 175
24 Morgan Stanley US 52 352
25 ING Bank Netherlands 49 973
25
Crédit Agricole Group – A universal client-focused banking model
Retail Banking
An International network in the key economic areas of EMEA, Americas,and Asia Pacific
▌
No 2 in Europe in asset management
54 million clients 160 000 employees
More than 11 600 branches
▌
No 7 in Europe in insurance
▌
Market leader in France in leasing & factoring
▌
Key player in Europe in consumer finance
Servicing 33.5 million clients
▌
No 1 in Europe in fundadministration & Bank Depository
Corporate & Investment BankingSpecialised Business Lines
26
Crédit Agricole Group – Ratings
A-1 A (negativ e outlook )Standard & Poor’s
Credit ratings(October 2012)
P-1F1+
A2 ( stable outlook)Moody’s A+ (negativ e outlook)Fitch Ratings
(March 2013)
(Oc tober 2012)
Long termShort termLong term
Short term
P-1
F1+A-1
A2 (stable outlook)
A+ (negative outlook)
A (negativ e outlook)
Crédit Agricole CIB (CA CIB) benefits from its parent company’s rating through the affiliation mechanism
In accordance with and pursuant to the modified article R 512-18 of the French Code Monétaire et Financier (CMF), the Crédit Agricole Network’s internal financial solidarity mechanism in favour of its affiliates has been formally extended to include CA CIB. As a result, CA SA, as central organisation of the Crédit Agricole Network, has a legal obligation to guaranty the liquidity and solvency of the affiliated members by taking all necessary measures. As a consequence, for Moody’s, the long-term debt and deposit ratings of CA CIB are now aligned with those of CA SA (as it was the case already for the other two rating agencies).
Crédit Agricole CIB(CA CIB)
Crédit Agricole SA(CA SA)
27
Crédit Agricole CIB – Business model
Crédit Agricole Group
Equity Brokerage: CLSA Asia Pacific Markets – CA Cheuvreux – CA CIB Securities USA
Glo
bal M
arke
ts D
ivis
ion
(GM
D)
Stru
ctur
ed F
inan
ce (S
FI)
Glo
bal I
nves
tmen
t Ban
king
(GIB
)C
over
age
& In
t’l N
etw
ork
(CIN
)
Primary Equity & SyndicationStrategic Equity
Structured Financial Solutions
▌
Aviation & Rail Finance
▌
Global Ship Finance
▌
Real Estate & Lodging
▌
Global Financial Sponsors Group
▌
Global Energy Group
▌
Natural Resources, Infrastructure & Power
▌
Transactional Commodity Finance
Credit & Rates
▌
Foreign Exchange▌
Treasury
Foreign Exchange & Treasury:
Global Markets Clients Division:
Equity Capital Markets:
Mergers & Acquisitions:
Commercial BankingTrade Finance
Export Finance
Commercial Banking & Trade:
Global Sector Groups:
Debt Optimisation & Distribution (DOD)
Direction des Régions de France (DRF)(servicing the French midcaps & partnering with CA Regional Banks)
Telecom, Media & Technology, incl. Telecom FinanceOil & Gas
Metals & MiningAgribusiness
Financial Institutions & Real Estate
Regions:
▌
Americas ▌
Asia Pacific▌
Europe, Middle East & Africa▌
France:
Other Sector Groups
Large French Clients (LFC)
“Our consistent goal is to strengthen our leadership in our core areas of expertise” Jean-Yves HOCHER, CEO Crédit Agricole CIB, January 2012
Sustainable BankingCA Int’l Liaison Desks
▌
Financial Institutions Group▌
Corporate and Investor Clients Division▌
Debt Capital Markets▌
Securitisation
28
Crédit Agricole CIB – A streamlined geographic setup to reach key countries and regional areas
Sao PauloSao Paulo
HONG KONGHONG KONG
PARISPARIS
LONDONLONDON
NEW YORKNEW YORK
MontrealMontreal
ChicagoChicago
MexicoMexico
Buenos AiresBuenos Aires
BrusselsBrusselsFrancfortFrancfortGenevaGeneva
MadridMadrid
AlgerAlger
TripoliTripoli Dubai / Abu DhabiDubai / Abu Dhabi
MumbaiMumbai Ahmadabad
Bangalore Chennai
New Delhi Pune
StockholmStockholm
HelsinkiHelsinki
MoscowMoscow
Coverage & Investment Banking
Retail Banking
Regional platform
Branch, Affiliate or Rep. Office
SingaporeSingapore
SydneySydney
TaipeiTaipei
ShanghaiShanghai
Beijing Guangzhou
Tianjin Xiamen
SeoulSeoul
TokyoTokyo Osaka
MilanMilan
OsloOslo
HoustonHouston
29
Structured Finance:▌
World leader since 1997 in project finance for renewable energies and infrastructures (incl. water infrastructure, public transport, etc.) as well as Public Private Partnerships (PPP)
▌
Founding member of the Equator Principles
Crédit Agricole CIB – Pioneering sustainable development
Developing innovative financial solutions for its clients:
A constant commitment over the past 10 years:
Capital Markets:▌
European leader in Sustainable Bonds & Green Bonds
▌
Unparalleled access to Socially Responsible Investors (SRI)
▌
Nb. 1 in Europe for SRI Research in 2009, 2010, 2011 (Source: Thomson Reuters Extel Surveys)
Investment Banking:▌
Specialised advisory services for social and environmental investment projects
United Nations Global Compact
Equator principles, founding member
First 3-year agreement
on disability applying to the
Group andsubsidiaries
Finance and Sustainable
Development Chair at
Université
Dauphine
Climate Principles
Diversity charter
Human rights charter
Methodology for quantifyingcarbon emissions generated
bythe activity of a bank
Sustainable Bond
2012
Joint Bookrunner
Région Ile de France
EUR 350,000,000
EUR 21,000,000LIVELIHOODS
2011
Sole Advisor
G20 on Agriculture
2011
Sole Advisor
2010
2012
Joint Bookrunner
Région PACAEUR 119,500,000
Sustainable Bond
FReD : Group policy to enhance Corporate
Social Responsibility
Agro-forestry carbon fund
▌
When financing the economy in sectors with high environmental and social impacts, e.g. defense, energy (Oil & Gas, Shales
Gas, Coal-Fired Thermal Power, Hydopower, Nuclear Power).
Project FinanceArranger
LGV Tours- Bordeaux
EUR 567,000,000
Abiding by strict guiding principles:
EUR 126,000,000
ERG Eolica Fossa del Lupo97.5 MW Wind Farm
Project Finance
2012
Mandated Lead ArrangerTechnical Bank Swap Provider
30
CHAPTER FOUR
Contact details
31
Crédit Agricole CIB – Contact details
THANK YOU
Crédit Agricole CIB Singapore Crédit Agricole CIB Paris
Franck PASSILLIER Florence GAYMARD
Deputy Head of Export Finance Asia-Pacific Head of Export & Trade Finance France
[email protected] [email protected]
Tel: +65 6439 9779 / Mob: +65 9837 9778 Tel: +33 1 41 89 39 32
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Disclaimer
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