Crédit Agricole
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◆ Kommuninvest spread surprises bankers ◆ KommuneKredit takes twice covered book ◆ ‘A tough one at the moment’ for euros
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Equity capital markets agreement has worked well for CA in Europe
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Bankers split on expectations as ‘everyone has been in the market’
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◆ Crédit Agricole brings subordinated sterling deal ◆ Sabadell mandates a sterling debut ◆ Investors 'starved' by 'unwilling' issuers
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◆ Issuer takes advantage of robust short end demand ◆ Size is ’best outcome’ for investors ◆ Tricky balance of swap and US Treasury spreads
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◆ Short dollar deal came with huge savings ◆ A long euro followed ◆ Issuer to look at PPs and taps for arb funding
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◆ Missing fast money causes problems ◆ Fair value is a moving target ◆ SEK sails through with no-grow
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◆ Bpifrance prices year's largest benchmark ◆ French agency spread to swaps attractive ◆ AFD found opportunities in dollars
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◆ Deal follows last week’s $5bn five year ◆ Issuer pays its usual 2bp NIP ◆ Large SSAs race to get funding done
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◆ More supras fund in dollars ◆ ADB carries supply with more to come ◆ DBJ opts for no-grow
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Gas shipping company introduces a sustainability-linked element after increasing emissions over the past three years
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ESG presents a huge challenge to Asian issuers, but sustainability-linked bonds are primed to take a bigger role