Crédit Agricole pulls off LT2 first
Crédit Agricole priced a well oversubscribed Eu1.25bn 10-1/2 year lower tier two self-led deal this week. Investors’ appetite for the structure, by which the deal converts into senior debt with a step-down if it loses regulatory capital, could pave the way for more issuance. To find out why investors liked it so much and if there are many more deals to follow, read EuroWeek on Friday.
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