CRH to follow BPCE with 8 and 15 year covered bonds

ECB sign 230x150
By Bill Thornhill
27 Jan 2020

Caisse de Refinancement de l’Habitat has mandated leads for eight and 15 year covered bonds, the same maturities that BPCE chose earlier this month with great success. The two deals will be eagerly watched for size of the European Central Bank's order.

Barclays, Crédit Agricole CIB, Credit Suisse, HSBC, LBBW and Natixis were appointed for the two deals on Monday.

CRH’s most recently issued November 2027 and October 2029 were respectively indicated at flat to mid swaps and 2p over, while BPCE’s most recently issued €1.25bn March 2028 was ...

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