“Decent outcome” for Carrefour Banque on credit card debut

By Joseph McDevitt
15 Nov 2013

Carrefour Banque priced its debut credit card securitization at the tight end of guidance on Friday after attracting a comfortably oversubscribed book.

Lead managers HSBC, Natixis and Société Générale priced the €400m of senior notes in Master Credit Cards Pass Compartment France at the tight end of revised guidance of one month Euribor plus 63bp-65bp, which had been set on Thursday afternoon.

“It’s a decent outcome for the borrower,” ...

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