Crédit Agricole sets record by pricing OF through OATs
Crédit Agricole SCF returned to the covered bond market for the second time this year with its second ever public sector backed deal. And for the first time in the history of the French covered bond market, the deal priced through OATs.
The issuer appointed joint leads ABN Amro, BayernLB, BBVA, CA CIB, Commerzbank and Société Générale CIB for the public sector backed obligation foncière on Monday, while the UK was enjoying a bank holiday.
Initial price thoughts for the triple-A rated 1bn deal due June 2023 were set on Tuesday
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