Crédit Agricole goes tight with social debut

Credit Agricole logo from Adobe 13Nov19 230x150
By Frank Jackman
02 Dec 2020

Crédit Agricole landed at an extremely tight level on Wednesday morning as it made its social bond debut with a seven year senior non-preferred deal, following in the footsteps of last week's near zero yield print from Svenska Handelsbanken.

“This is a very tight transaction and was opportunistically priced given how very late we are in the year,” said a banker at one of the joint lead managers.

Crédit Agricole enjoyed some of the calmest conditions since early September on Wednesday morning, as the iTraxx senior ...

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