Crédit Agricole

Neither issuer has left much on the table for investors

NIB lands tight pricing as IADB goes long

Both issuers managed to summon large demand for their euro trades

The supranationals will set the tone for a month crowded with issuance

◆ French issuer banks on ‘good name recognition’ to price far tighter than euros ◆ Investors now have high exposure to issuer ◆ Foreign subordinated issuance may slow down due to worsening rate moves

Investors more assertive this week, said lead manager

◆ Issuer achieves the largest euro subordinated FIG trade in three months ◆ Deal praised for quality but investors show price sensitivity ◆ Views on NIP deviate from 5bp to 25bp

The French bank is going through the gears in debt capital markets by showing its ESG credentials, following a push across all asset classes

◆Improved Japanese investor appetite visible in non-preferred tranches◆ Two more issuers may print in yen as early as next week◆ Crédit Agricole takes different approach with Panda

Strong issuers get better than expected traction, sparking opportunistic deals

◆ Floaters find demand as new quarter begins ◆ Quiet public market paves way for semi-private placements

CréditAg enjoys blow-out reception, demand for Icrea gets late boost