Arkéa’s rare dual tranche tap lands €1bn
Crédit Mutuel Arkéa overcame difficult markets to bring in €1bn of funding on Wednesday through a dual tranche tap of 3.5 and 10 year bonds. The deal attracted the first bit of purchase programme (CBPP.2) buying and its success may encourage other issuers to use lower risk taps if tricky market conditions persist over the next few weeks.
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