White & Case advises Crelan on €500 million senior non-preferred notes issue

Global law firm White & Case LLP has advised Belgian bank Crelan SA on a €500 million issue of fixed rate senior non-preferred notes.

Crédit Agricole CIB, Deutsche Bank, ING, J.P. Morgan and Santander acted as Joint Lead Managers.

White & Case previously advised on Crelan’s inaugural public note issue in September 2022 and on the establishment of its inaugural EMTN program.

Crelan Group is a financial group with a cooperative shareholder structure that offers a broad range of financial services in the Belgian market via three bank brands: Crelan, AXA Bank and Europabank. It ranks fifth among Belgian retail banks in terms of its balance sheet total and serves approximately 1.8 million clients.

The White & Case team that advised on the transaction was led by counsel Willem Van de Wiele (Brussels & Luxembourg) and included associates Sara Ben Othmen and Madeleine Tardif (both Brussels).

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