BFCM goes long on non-pref senior debut

Ten_10_euros_notes_Adobe_230x150
By Tyler Davies
06 Mar 2019

Banque Fédérative du Crédit Mutuel looked to the long end with its first non-preferred senior bond on Wednesday, following the example Crédit Agricole set late last month.

BFCM choseCredit Suisse, Deutsche Bank, Goldman Sachs and Société Générale as bookrunners for the deal, which will count towards its minimum requirements for own funds and eligible liabilities (MREL).

The lead managers put out initial price thoughts of 140bp area on Wednesday morning and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

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: subs@globalcapital.com or find out more online here.