News › Major Deals

News › Major Deals

Close

03.12.2012 / FRANCE / GLOBAL DEBT MARKETS AND DEBT CAPITAL MARKETS


February 2012 - Crédit Agricole CIB alongside Unédic in its first euro-denominated bond issue of the year


On 20th February 2012, Crédit Agricole CIB acted as joint bookrunner in the first euro-denominated bond issue of the year by UnéDICDeposit Insurance Corporation - a government body to insure the deposits, a 3-year EUR 2.5 billion transaction. The other joint bookrunners were BNP Paribas, Citi, HSBC and Natixis.
 
The order book grew rapidly, reaching more than EUR 3.4 billion after only one hour. Execution of the transaction was closed in one morning.

The allocation reflects the diversity of investors supporting Unédic. Domestic investors took the largest share with 39.5% of the allocation, followed by Germany (18%) and the United Kingdom (16%). The fund managers participation (43%) and the Central Banks participation (18%) reflect the quality of final allocation.
 
Crédit Agricole CIB accompanied Unédic several times, notably in March 2011 with its successful return to the bond market.
 
By supporting France's unemployment insurance system, the Crédit Agricole group demonstrates its commitment to the development of individual and collective welfare schemes.