Three days in, Cariparma finishes 2018 funding, breaks pricing record
Crédit Agricole Cariparma returned to the market on Thursday to complete the final leg of its 2018 funding requirement, taking advantage of the exceptionally tight spread environment while it still exists.
The issuer raised €500m of 20 year covered bond funding at 40bp over mid-swaps from an initial spread of low 40bp area, with demand of around €700m.
The deal completes its €1.25bn 2018 funding requirement and follows the issuer’s €750m eight year issued in December.Joint lead managers ...
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