.png){kind=logo}
GC Asia
Crédit Mutuel grabs €1.25bn as covered bond supply fears mount
Credit Mutuel Home Loan SFH (CM-CIC) completed a busy week in the euro covered bond market with a €1.25bn 10 year offering on Thursday. The deal emerged amid growing concern that euro covered bond supply will fall, as borrowers like SCBC, Danske Bank and Nordea turn to local currency markets, while others see better alternative funding opportunities, or simply bide their time.
Crédit Mutuel CIC issued a €1.25bn 10 year Obligations de Financement de l’Habitat on Thursday at 6bp over mid-swaps through joint leads Credit Suisse, Danske Bank,Goldman Sachs and Société Générale.
Demand of more than €2bn allowed pricing to be tightened from initial price thoughts ...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.
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.
