Find out all Crédit Agricole CIB's information on real time : latest deals, leagues tables, awards, flash. And every month, our special report on an current subject.
07/24/2009 / FRANCE / DEBT & CREDIT MARKETS
Calyon acted twice as joint bookrunner for Dexia
On Wednesday 24th June 2009, Calyon acted as joint bookrunner for Dexia Municipal Agency. The 15-year Obligations Foncières issue came up to EUR 2 billion. The order book involved 70 accounts from Europe.
On the back of continued resilience in the markets, Dexia took advantage of the generally good market conditions to launch a covered bond. Dexia decided to reopen the very long part of the curve with this transaction.
Calyon already acted as joint bookrunner for the come back of Dexia on the covered bond market. The issue, launched on May 18th, was a EUR 1.5 billion 12-year fixed rate Obligations Foncières Benchmark. This transaction was rated Aaa (Moody’s), AAA (Standard & Poor's) and AAA (FitchRatings). The order book grew rapidly with 43 different accounts largely coming from France at 70% and Germany at 22%.
Both transactions demonstrate the strength of the Dexia credit and the confidence it engenders from investors in the covered bond market. Those deals are an additional milestone in Calyon relationship with Dexia as the bank acts currently for Dexia Municipal Agency transactions.
Read the interview of Bertrand Sauzey, Senior Banker and Bernard du Boislouveau, Co-head of Financial Institutions, Debt & Credit Markets Origination.
Read the interview of Bertrand Sauzey, Senior Banker and Bernard du Boislouveau, Co-head of Financial Institutions, Debt & Credit Markets Origination.
