Tier two mandates arrive as investors seek spread

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Tier two mandates arrive as investors seek spread

CARENTAN, FRANCE - JULY 2014: Branch of Credit Mutuel in Normandy. Credit Mutuel is a major French bank

◆ GACM 'a good name' and should garner orders ◆ Crelan had delayed debut last week ◆ Investors may turn to tier two for spread, though some bankers less constructive

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