Crédit Agricole covered tap shows RV matters less in 20 year
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Covered Bonds

Crédit Agricole covered tap shows RV matters less in 20 year

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Crédit Agricole tapped its 20 year covered bond on Monday at a spread that was almost twice as tight compared to OATs as the original issue. The success of the tap shows that the German insurance firms that bought the increase are focused on other metrics than the cost compared to government bonds.

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