Bloomberg News

Credit Agricole Said to Hire Banks for Euro Covered Bond Sale

December 30, 2011

Dec. 30 (Bloomberg) -- Credit Agricole SA hired banks to lead a covered bond issue in euros early in the New Year, according to a banker involved in the transaction.

Danske Bank A/S, Societe Generale SA, UBS AG and UniCredit SpA will help Credit Agricole manage the sale, which is expected to be triple-A rated by all three major ratings firms, the banker said.

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net


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