Last, but not least: CA book raises hopes

22 Jan 2010

Crédit Agricole this week priced a Eu2bn three year covered bond on the back of the biggest order book for a deal launched so far this year.

Leads Calyon, Deutsche Bank, HSBC and WestLB opened the books on Thursday morning with guidance set at 23bp-25bp over mid-swaps, and priced the deal at 23bp over after gathering around Eu3bn of orders.

A syndicate official at one of the leads said that the transaction was very successful, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options