Credit Suisse opens up new euro path for Cocos as Créd Ag brings dollars

Credit Suisse and Crédit Agricole priced Cocos this week, both of them breaking new ground. But while Credit Suisse received praise for the flawless execution of the first ever euro denominated subordinated Coco to hit the primary market, some market participants questioned Crédit Agricole’s decision to use a tier two host for its deal.