Créd Ag adds 20 year benchmark in three tranche CB whopper

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By Tyler Davies
25 Jan 2017

Renewed appetite in the long end of the curve allowed Crédit Agricole Home Loan SFH to add a rare benchmark 20 year covered bond to an offering of eight and 15 year notes on Wednesday, as the French lender walked away with a healthy €2.5bn of funding.

Crédit Agricole initially mandated to its own investment bank, Commerzbank, Helaba, LBBW, NordLB, Santander and Société Générale as bookrunners for a possible sale of eight and 15 year covered bonds.

But strong reverse enquiries from ...

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