Crédit Agricole reawakens French Swissie supply, returning after year-long absence

05 Jul 2012

Crédit Agricole Home Loan SFH revived covered bond supply as well as Swiss franc activity from France when it issued a Sfr200m covered bond this week.

"Australian, New Zealand and, selectively, European covered bond supply was able to satisfy investor demand at the beginning of the year," said Manuel Gadient, head of Swiss franc debt capital markets and syndicate at UBS in Zurich. "However, lack of supply ever since has created a vacuum. The ...

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