Crédit Agricole
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◆ French firm has issued €5.25bn of mortgager paper this year ◆ Little difference between mortgage-backed and public sector deals -
Green format helps multilateral lender eschew new issue premium
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‘All stars aligned’ for the sovereign to serve up third deal of 2024
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Austria, France and Portugal opt for the same window
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At least a dozen SSAs are set to price deals on Wednesday
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Issuer plans ‘one liquid benchmark every year’ and to frequent a market providing ‘value’ and ‘flexibility’
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Issuer ‘reaping the fruits’ of investor work with large book and tightening
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Largest ever book in the currency for the issuer, which priced well inside secondary levels
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Supra and agency take euro SSA supply to €18bn for the week
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Leads saw no new issue premium paid by the issuer after 3bp of tightening
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Issuers get ahead of US CPI data on Wednesday
