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Bond Market News
Credit Agricole Prices GBP Tier 2 at 6.033%; View Popular GBP Tier 2 Bonds
May 16, 2025
Credit Agricole raised £750mn via a long 10NC5 Tier 2 bond at a yield of 6.033%, 20bp inside initial guidance of T+210bp area. The subordinated note is rated Baa1/BBB+/A-, and received orders of over £1.9bn, ~2.5x issue size.
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