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FIGCovered Bonds

CredAg snaps into action to reopen covered bond market

Crédit Agricole ended a month long euro covered bond drought on Thursday, leaping on improved market conditions to print a €1.25bn six year soft bullet with a minimal new issue concession. Bankers say the deal proves there is plenty of demand and will help to relieve pressure on the pipeline which has been building up this week.

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