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02/16/2010 / PORTUGAL / EQUITY CAPITAL MARKETS
Crédit Agricole CIB mandated for the Republic of Portugal's bond issue
On 10th February 2010, Crédit Agricole CIB acted as joint lead manager in the Republic of Portugal’s latest bond issue, maturing on June 15th, 2020. Banco Espírito Santo, Barclays Capital, Goldman Sachs and Société Générale CIB also acted as joint lead managers for this transaction.
The books closed with approximately EUR 13 billion of orders and the transaction finally priced at a EUR 3 billion. Approximately 280 accounts were involved, mainly from Europe (almost 95%). The final allocation was led by France (24%), United Kingdom (15%), Germany (15%) and Scandinavia (9%).
Portugal mandated the banks for a 10-year deal two weeks ago but market conditions worsened significantly. Considering these uncertainties, Portugal decided to monitor the market to identify the right window of issuance.
“Crédit Agricole Corporate and Investment Bank is a long term partner of the Republic of Portugal. We have being playing a strong role for a very long time on the primary and secondary market of the Portuguese National debt. Crédit Agricole, in 2009, was again ranked as a top player by the Portuguese Treasury. As such we were selected as one of the bookrunner for this very visible and important transaction”, says Henri Kuppers, Senior Banker.
The books closed with approximately EUR 13 billion of orders and the transaction finally priced at a EUR 3 billion. Approximately 280 accounts were involved, mainly from Europe (almost 95%). The final allocation was led by France (24%), United Kingdom (15%), Germany (15%) and Scandinavia (9%).
Portugal mandated the banks for a 10-year deal two weeks ago but market conditions worsened significantly. Considering these uncertainties, Portugal decided to monitor the market to identify the right window of issuance.
“Crédit Agricole Corporate and Investment Bank is a long term partner of the Republic of Portugal. We have being playing a strong role for a very long time on the primary and secondary market of the Portuguese National debt. Crédit Agricole, in 2009, was again ranked as a top player by the Portuguese Treasury. As such we were selected as one of the bookrunner for this very visible and important transaction”, says Henri Kuppers, Senior Banker.