Crédit Agricole

◆ Paper is a 'must buy' for some accounts ◆ Pricing breaks trend and tightens 3bp ◆ Orders total over €40bn

Goldman Sachs joins Western Europe's top three bookrunners

◆ Deal went ahead despite tariffs-related volatility ◆ Assessing fair value was key ◆ Supra now nearly 56%-funded

◆ Deal demand shows covered bonds ability to withstand volatility ◆ No concession needed ◆ French deal lands through OATs

◆ Hamburg prices with 1bp of NIP ◆ Länder orderbooks growing ◆ More deals to follow

◆ CA experiences big drop in orders ◆ BCP struggled to tighten from IPT ◆ FIG deals struggle even as corps succeed

Bankers speculate about likely successor from group’s top echelons

◆ French bank’s insurance arm completes first tier one print less than a month after parent bank’s AT1 ◆ Deal offers heightened premium ◆ Outcome amid volatility deemed ‘pretty decent’ by rival

◆ Deeply subordinated issuance shows resilience ◆ Bank of Ireland completes AT1 funding but tightening brings ◆ Crédit Agricole's insurance arm plans debut RT1

◆ Talk of planned mandate change comes as bank raises €4bn ◆ More defence projects to become eligible for loans ◆ Deal not impacted, green label helped

◆ Sovereign sets new book and size records ◆ Deal a hit despite 'not straightforward' backdrop ◆ 'Different story' while still 'a confidence booster'

◆ Big order drops in response to tight pricing ◆ Hypo Noe pays premium to keep orderbook intact ◆ Arion lures orders with spread