Crédit Agricole announces 'aggressive' legacy tier one tender

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Crédit Agricole announces 'aggressive' legacy tier one tender

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Crédit Agricole announced a tender of up to €1.5bn of four tier one bonds, and an 'any and all' offer for two other tier ones. Analysts at BNP Paribas said the offer was below market value for one bond and an 'surprising' and 'aggressive' move.

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