Crédit Agricole

Covered market provides 'the deepest pocket of demand' among FIG asset classes

◆ Large demand for all tranches, including rare FRN ◆ Despite flat swap curve long end 'flies' ◆ Higher yields a boon for investors

◆ Higher spread, higher book than tighter priced SP deals ◆ Large French supply expected in the second half of year ◆ Small premium paid

Banker is moving to Greece as focus grows in connecting its capital markets and banking sector to international investors

Facility's maturity pushed out to 2031

◆ Growing market depth supports wider product and issuer offerings ◆ French bank's adds senior non-preferred layer to its Kangaroo funding mix ◆ Deal mostly sold locally

◆ Foreign and domestic banks find 'strong' liquidity in Australian dollar market ◆ TD achieves several bests for a Canadian senior Kangaroo ◆ Crédit Agricole eyes funding next with 6NC5 bail-in structure

Fifteen firms join syndicate as firm re-enters north America

Top 20 accounts take 85% of deal

The German pharmaceutical wholesaler was upgraded to BBB- by S&P last month

Facility now €4.5bn but increase does not extend maturity date

Strong appetite from international banks for first gigascale 24/7 solar plant