Crédit Ag follows covered bond blow-out with RMBS debut

Credit Agricole
By Owen Sanderson
26 Jan 2017

Crédit Agricole mandated its inaugural public securitization of French home loans on Thursday, only a day after it printed a triple tranche covered bond to raise €2.5bn. The deal will be marketed next week, with launch and pricing targeted for the week of February 13.

The bank has structured securitizations before, but never a public deal from its home market. It printed a rare Swiss RMBS in December, and structured an €8.6bn retained deal in 2015. But now it is aiming to sell €1bn of senior notes to investors.

Covered bond ...

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