4/9/2022

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Crédit Agricole tapped the Australian dollar market for tier two debt this week, following up last Tuesday's public US dollar benchmark with a privately placed trade in a similar tenor.

The borrowerself-arranged a A$100m ($77.4m) 3% January 2041 tier two note on Tuesday. The issue price was not disclosed.

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“Typical subordinated deals have a call option but this does not, in line with the recent 20 year [US] dollar public trade,” said one MTN banker. “It looks ...

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