Credit Agricole Plans 15-Year Euro Benchmark Covered Bond

5th Jul 2010 09:42

LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated, benchmark-sized covered bond at 75 to 78 basis points over midswaps, one of the banks running the sale said Monday. Barclays PLC, Credit Agricole CIB, Landesbank Baden-Wuerttemberg AG, WestLB AG and UBS AG are lead managers on the deal, which will be backed by French home loans. Credit Agricole carries a triple-A rating by all three major ratings agencies. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 05, 2010 04:42 ET (08:42 GMT)