Banques Populaires encouraged by go-it-alone deal

Banques Populaires on Tuesday visited the jumbo market for the third time, raising Eu1bn via a five year mortgage-backed benchmark. The issuer told The Cover that the deal demonstrates that it has access to investors on its own, and not only via Société de Financement de l’Economie Française (SFEF), the entity responsible for issuing debt on behalf of French banks.