Abbey’s wobble drives Cred Ag deal wider
An unexpected euro trade with a generous new issue premium from Abbey National Treasury Services forced Credit Agricole to rethink its pricing strategy this week. The French bank brought its 10 year deal wider than initially planned to try to ensure secondary performance, but in the end, it was the size of its deal that drew criticism.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts