Crédit Agricole draws solid interest in hard market

By Bill Thornhill
21 Jan 2016

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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