HSH Nordbank and Crédit Agricole spark feeding frenzy

Starving investors piled into trades from Crédit Agricole and HSH Nordbank on Thursday, taking full advantage of the first euro benchmarks to hit the market since the previous week. Though neither issuer kept books open for more than an hour, the hunger for euro paper and the paucity of supply resulted in 250 accounts placing €5.5b in orders across the two trades.