Credit Agricole Prices EUR1B 2015 2.5% Covered Bond At 99.791

15th Jun 2010 14:32

LONDON (Dow Jones)--French Bank Credit Agricole SA (ACA.FR) has priced its EUR1 billion, five-year covered bond at 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. Terms are as follows: Amount: EUR1 billion Maturity: June 24, 2015 Coupon: 2.5% Reoffer Price: 99.791 Payment Date: June 24, 2010 Spread: 45 basis points over midswaps Debt Ratings: Aaa (Moody's) AAA (Standard & Poor's) AAA (Fitch) Denominations: EUR50,000 Listing: Luxembourg -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 15, 2010 09:32 ET (13:32 GMT)