Credit Agricole Plans Euro Benchmark 5-Year Covered Bond

15th Jun 2010 08:36

LONDON (Dow Jones)--French Bank Credit Agricole SA (ACA.FR) has set price guidance on its euro benchmark, five-year covered bond in the area of 45 basis points over midswaps, one of the banks running the deal said Tuesday. Credit Agricole, Dexia SA, DZ Bank, HSBC Holdings PLC and UniCredit SpA are lead managers of the deal, which is expected to price Tuesday, subject to market conditions. The bank is rated triple-A by all three major ratings agencies. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 15, 2010 03:36 ET (07:36 GMT)