Credit Agricole To Price 15-Year Covered Bond At Swaps +0.77

5th Jul 2010 11:54

LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated, benchmark, covered bond at 77 basis points over midswaps, one of the banks running the sale said Monday. This is in line with initial guidance set between 75 and 78 basis points over midswaps. Barclays PLC, Credit Agricole CIB, Landesbank Baden-Wuerttemberg, 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 06:54 ET (10:54 GMT)