CM Arkéa draws big crowd with non-pref deal
Crédit Mutuel Arkéa sold a seven year non-preferred senior note on Thursday, in a market where investors are thirsty for supply. The €500m deal attracted €2bn of orders — demand that even surprised the arrangers, given that funds are still ignoring growing risks around a no-deal Brexit.
But they were able to close the transaction with a much tighter spread of 145bp over.Crédit Mutuel Arkéa last issued a non-preferred senior deal ...
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