Créd Ag SFH takes advantage of quiet covered bond market

Crédit Agricole SFH took advantage of a quiet market, mandating lead managers on Wednesday for a mortgage backed covered bond with a rare 12 year tenor. Crédit Agricole SFH has mandated ABN Amro, BBVA, Crédit Agricole, Danske Bank, LBBW, Société Générale to manage the sale of its forthcoming 12 year...

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Bibliographic Details
Published in:Global Capital 2020-02
Main Authors: Thornhill, Bill, Davies, Tyler
Format: Article
Language:English
Subjects:
Bond issues
Bond markets
Bond ratings
Funding
Online Access:Get full text
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Summary:Crédit Agricole SFH took advantage of a quiet market, mandating lead managers on Wednesday for a mortgage backed covered bond with a rare 12 year tenor. Crédit Agricole SFH has mandated ABN Amro, BBVA, Crédit Agricole, Danske Bank, LBBW, Société Générale to manage the sale of its forthcoming 12 year euro benchmark covered bond, which is expected to be rated Aaa/AAA/AAA. S&P noted that sustainable covered bond issuance amounted to €4bn in 2019 and said that it expected several more banks to become sustainable covered bond issuers, “making France a major participant in this space”.
ISSN:2055-2165