Last, but not least: CA book raises hopes
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, ...
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