Crédit Agricole goes long in sterling

20 Jan 2011

Crédit Agricole raised £250m of 10 year money on Wednesday, one of a series of deals in different markets by the French bank this year.

Lead managers Barclays Capital, Crédit Agricole and Nomura priced the deal in line with guidance at 165bp over mid-swaps, after order books reached close to £300m from around 40 accounts.

Bankers away from the deal said the final deal size was smaller than they had expected.

One said ...

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