UPDATE: Credit Agricole To Price 15Y Covered Bond, Swaps +0.77

5th Jul 2010 13:49

(Adds bond size.) By Art Patnaude and Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--French bank Credit Agricole SA (ACA.FR) has set price guidance on its 15-year, euro-denominated covered bond at 77 basis points over mid-swaps, 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. The size of the deal has been set at EUR1.25 billion. 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. The bonds will be rated triple-A by all three major ratings agencies. -By Art Patnaude and Mark Brown, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires July 05, 2010 08:49 ET (12:49 GMT)