BFCM goes long on non-pref senior debut

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 ...

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