Bond Banque Fédérale du Crédit Mutuel 3.75% ( US06675GAR65 ) in USD

Issuer Banque Fédérale du Crédit Mutuel
Market price 100 %  ▲ 
Country  France
ISIN code  US06675GAR65 ( in USD )
Interest rate 3.75% per year ( payment 2 times a year)
Maturity 19/07/2023 - Bond has expired



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Minimal amount 200 000 USD
Total amount 1 100 000 000 USD
Cusip 06675GAR6
Standard & Poor's ( S&P ) rating A ( Upper medium grade - Investment-grade )
Moody's rating Aa3 ( High grade - Investment-grade )
Detailed description Crédit Mutuel's banking operations are conducted through a network of regional banks, each with its own distinct legal identity but operating under the Crédit Mutuel brand and overall group structure.

This financial article provides an overview of a specific fixed-income instrument, a bond issued by Banque Federative du Credit Mutuel (BFCM), which has successfully reached its maturity and been fully redeemed. The bond, identified by its ISIN US06675GAR65 and CUSIP 06675GAR6, was denominated in USD and originated from France, reflecting the issuer's primary operational base. It featured an annual interest rate of 3.75%, with interest payments scheduled semi-annually. The total issuance size for this security was a substantial US$1,100,000,000, and the minimum purchase size for investors was set at US$200,000. Prior to its maturity, the bond was observed trading at 100% of its face value, indicative of its expected redemption at par. Banque Federative du Credit Mutuel, the issuer, is the central financing and refinancing body of the Crédit Mutuel Group, one of France's largest and most significant mutualist banking groups. Rooted in a cooperative model, BFCM plays a pivotal role in supporting the group's extensive network and diverse financial activities across retail banking, insurance, and asset management, demonstrating a strong, community-focused presence within the French and European financial sectors. The bond matured precisely on July 19, 2023, and as confirmed, it has been fully reimbursed to its bondholders, concluding its lifecycle. This successful repayment aligns with the strong credit ratings assigned to the issuer by major agencies: Standard & Poor's rated the bond 'A', while Moody's assigned an 'Aa3' rating, both reflecting a high degree of creditworthiness and a strong capacity to meet financial commitments.