Créd Ag adds to long end action in covered bonds

By Tyler Davies
24 Apr 2019

Crédit Agricole became the latest European bank to tap into strong demand for long-dated covered bonds in euros, raising €1.25bn of 15 year funding on Wednesday without paying a new issue premium to investors.

Crédit Agricole hired its own investment bank alongside BBVA, ING, LBBW and Société Générale as lead managers for the new 15 year covered bond deal.

This syndicate group started the pricing in the 15bp area over mid-swaps when they opened the books on ...

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