Crédit Agricole 15 year passes post-ECB test
Crédit Agricole got the market off to a strong start after the end of the European Central Bank’s purchase programme when it priced a Eu1.25bn 15 year issue on Monday, the first Eu1bn-plus transaction in that maturity since June 2009. A syndicate official at one of the leads called it an important test for the market. However, there are no signs of any imminent new issue projects to follow, with the onset of the summer holidays beginning to take effect.
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