Crédit Agricole Italia's dual tranche offers more juice with longer tenor
Crédit Agricole Italia marketed a dual-tranche bond with eight year and 25 year maturities. A steeper curve helped the longer tranche offer a higher pickup against the shorter bond, but investors still placed hefty orders on both tenors.
The Italian subsidiary of French lender Crédit Agricole, formerly known as Cariparma, was marketing a dual-tranche covered bond, with maturities of eight years and 25 years.
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