Créd Ag floats first ‘tier three’

Tom Porter

February 17, 2016 11:30 am

Credit Agricole 230 — Sign of Credit Agricole Bank, is seen in Nice, southeastern France, Wednesday, Sept. 14, 2011. Moody's on Wednesday downgraded the credit ratings of French banks Societe Generale and Credit Agricole following a period of huge volatility in the markets as investors fretted about their potential exposure to the debts of Greece. (AP Photo/Lionel Cironneau ) | Lionel Cironneau/AP/Press Association Images

Crédit Agricole has upped its odds on being the first French bank to publicly issue a new type of sub-senior debt, dubbed ‘tier three’, to protect senior bondholders.

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Bank Capital Crédit Agricole France FIG

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Tom Porter