Créd Ag SFH takes advantage of quiet covered bond market

By Bill Thornhill, Tyler Davies
19 Feb 2020

Crédit Agricole SFH took advantage of a quiet market, mandating lead managers on Wednesday for a mortgage backed covered bond with a rare 12 year tenor. The prospective deal emerged after S&P published an upbeat report on the French covered bond market.

Crédit Agricole SFH has mandated ABN AmroBBVACrédit AgricoleDanske BankLBBWSociété Générale to manage the sale of its forthcoming 12 year euro benchmark covered bond, which is expected to be rated Aaa/AAA/AAA.

The issuer should be able to harness the full attention of investors as the ...

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