Crédit Agricole

Deal priced flat to fair value as UK asset mangers likely buyers

‘Textbook’ trade takes place in an otherwise quiet market

Swedish issuer bags largest ever print in single currency with first syndication of 2024

A pair of German development banks also brought new issues on Tuesday

Finanzagentur offers 2bp premium for investors with a 5bp concession for Greece

Supra’s first syndication of 2024 was bigger and priced tighter than expected

Issuer reveals plans for seven and 30 year combo

Banks push longer and tighter but investors keep coming back for more

◆ Strong backdrop means Greek banks issuing no longer 'top of the market' ◆ Oversubscribed deal results in one of the lowest reset spreads on Greek tier two, no NIP ◆ CA Auto Bank issues €900m two year FRN

◆ French bank's 'stellar' long end outing attracts orders and accolades ◆ Even unusually long senior deals fare well as active funds buy credit ◆ Monday's deal outcomes highlight open access for less frequent issuers

Crédit Agricole Italia, SaarLB, OP and Tirol greatly boost covered confidence

Demand for its new 10 year trade finished above €137bn