3CIF, Aon rejuvenate senior primary market after lull

By Graham Bippart
08 May 2014

London-based insurance company Aon and defunct French mortgage lender Caisse Centrale du Credit Immobilier de France (3CIF) took advantage of the recent undersupply in the FIG primary market to price senior deals this week. 3CIF tapped the short end of the maturity curve and Aon went long.

It was Aon’s first appearance in the euro market since 2009, when it priced a five year bond at mid-swaps plus 345bp. The firm, which relocated to London in 2012 from Chicago, has issued mostly in dollars.

Lead managers Credit Suisse, Barclays and Deutsche Bank had initial price ...

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