Credit Ag carefully balances supply and demand
Crédit Agricole returned to the covered bond market for the first time this year to issue a €1bn eight year. Demand as fair, but less spectacular than deals seen two weeks ago, as the agency and sovereign sector now offer better value. Leads stressed the quality of real money interest, a large portion of which is likely to have been from the Banque de France.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: