Crédit Agricole next in line for yen

03 Jun 2013

Crédit Agricole has become the latest household European name to look to the Samurai market, drawn by more competitive yen funding levels stemming from the Bank of Japan’s quantitative easing programme.

The French bank will price ¥30bn of notes through six ¥5bn tranches in mid-June, having hired Mitsubishi UFJ Morgan Stanley Securities, Nomura, and SMBC Nikko to lead the deal alongside its own investment bank.

Investors will be offered two floating notes in three and five year maturities, as well ...

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