Créd Ag SFH takes advantage of quiet covered bond market
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 Amro, BBVA, Crédit Agricole, Danske Bank, LBBW, Société 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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