BFCM loads up on MTNs as demand for CP dwindles

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BFCM loads up on MTNs as demand for CP dwindles

Banque Fédérative du Crédit Mutuel sold a trio of short dated privately placed MTNs this week, putting it in touching distance of its highest annual volume since it sold $6.2bn in 2007. However, the issuer’s outstanding commercial paper has plummeted.

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