The proposed transaction is expected to have a tenor of up to 5 years and consists of up to US$85 million of un-funded IFC risk participation in an approximate US$2 billion global portfolio of predominantly emerging markets trade finance-related credit assets on CACIBs
will also consider a potential off-market disposal of a further equity stake of up to 5.
is thereby reducing its shareholding in BSF to 14.
While there is no room for an upside action on BCAB's national ratings given that they are already at the highest level on Fitch's scale, negative rating actions will be contingent on a significant deterioration of the financial capacity of CACIB
and/or a change in its propensity to provide support to its subsidiary; both of which are unlikely scenarios at the moment.
The long-term ratings of the preferred senior debt issued by Credit Agricole CIB Financial Products (Guernsey), Credit Agricole CIB Finance (Guernsey) and Credit Agricole CIB Financial Solutions - all guaranteed by CACIB
- are aligned with CACIB
's Long-Term IDR of 'A+'.
This membership will enable us to better serve our institutional clients and provide them with more options, as central clearing is applied to an increasing number of derivatives transactions," said Dmitri Shuster, head of Rates, Credit & Cross-Asset Derivatives for CACIB
in the Americas.
Fitch believes that timely financial support would be provided by CACIB
in its role as UBAF's reference shareholder, or ultimately by CA, if required.
A syndicate group was also formed consisting of BNP Paribas, CACIB
, Daiwa Securities, HSBC, ING, J.
If the technical services agreement between BSF and CACIB
is terminated, this could also put pressure on the VR, but this is not the agency's base case.
During Crdit Lyonnais acquisition by Crdit Agricole, which gave birth to CACIB
, he was in charge of debt markets in New York before being promoted to Head of Capital Markets for the Asia-Pacific region at the end of 2005.
A joint venture between China Aviation Supplies Holding, AerCap, CACIB
AirFinance and East Epoch, Dragon Aviation Leasing, based in Beijing has received first four of ten Next-Generation 737-800 aircraft from Boeing.
The 13-year tenor financing was provided by a group of top-tier international commercial banks (SMBC, Mizuho, CACIB