Crédit Agricole 15 year passes first post-ECB test

08 Jul 2010

Crédit Agricole got the first jumbo covered bond since the end of the European Central Bank’s buying programme away successfully this week. Monday’s deal also marked the market’s first Eu1bn-plus 15 year transaction in over a year.

The ECB announced yesterday (Thursday) that its buying under the covered bond purchase programme (CBPP) came to an end on Wednesday of last week (June 30), as scheduled (see separate story).

Syndicate bankers had attributed last week’s quiet market in part to the end of the CBPP, with investors ...

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