Cariparma breaks record completing 2018 funding

By Bill Thornhill
04 Jan 2018

Crédit Agricole Cariparma took advantage of the exceptionally tight spread environment to issue the first 20 year Obbligazioni Bancarie Garantite (OBG) on Thursday and completed the final leg of its 2018 funding requirement at a record spread through BTPs.

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 follows the issuer’s €750m eight year issued in December and completes its €1.25bn 2018 funding requirement.

Joint lead managers ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.