'Big spread', little supply helps Arkéa to 8x subscription on first callable T2

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'Big spread', little supply helps Arkéa to 8x subscription on first callable T2

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raised up a human hands at the event | Picasa/photosaint - Fotolia

More than 250 investors put in orders for Crédit Mutuel Arkéa’s first ever callable tier two bond on Wednesday, finding an attractive pick-up in spread versus subordinated bonds sold by other French banks.

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