Crédit Agricole draws solid interest in hard market
Crédit Agricole issued the one and only covered bond of the week on Thursday and showed that it is possible to get a strong outcome in a tough market.
Leads were informally mandated on Wednesday evening with a view to making a final decision on whether to proceed on Thursday morning. “At 8am this morning [Thursday] we had never been so undecided," said Vincent Hoarau, head of FIG syndicate at Crédit Agricole. "If you look at China, ...
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