Crédit Agricole launches rare Swiss RMBS deal

David Bell,

Silas Brown

December 08, 2016 02:30 PM

Swiss flag 230x150 — A supporter of Switzerland's Roger Federer holds up his national flag during his fourth round match against David Goffin of Belgium at the Australian Open tennis championships in Melbourne, Australia, Sunday, Jan. 24, 2016.(AP Photo/Vincent Thian) | Vincent Thian/AP/Press Association Images

Crédit Agricole Financements sold a private Sfr214m ($212.2m) RMBS deal backed by Swiss residential mortgages. RMBS issuance is vanishingly rare in the Swiss market — and this trade is unlikely to open the floodgates.

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Topics

Switzerland RMBS Securitization Europe ZKB Crédit Agricole EMEA FIG Covered Bonds

DB

David Bell

SB

Silas Brown