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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
ACACB
Credit Agricole Home Loan SFH SA€2,500
3EMEA
Aug 19, 2026
currency
EUR
size (m)
500.000
maturity
Aug 28, 2029
type
Floating
tenor
3.000
call
-
registration
Reg S Only
benchmark
3mEu
ranking
Covered Bond
moody's
Aaa
s&p
AAA
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-9
guidance
3mEu+33 area
spread
24
coupon
3mEu+24
spread set
-
price
100.00000
yield
-
book size (m)
2,000
peak book (m)
2,300
x-covered
4
book attrition
-13.04%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,000
peak book (m)
2,300
x-covered
4
book attrition
-13.04%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,000.000
maturity
Aug 28, 2029
type
Fixed
tenor
3.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
AAA
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-9
guidance
MS+23 area
spread
14
coupon
3.125%
spread set
-
price
99.73000
yield
3.221%
book size (m)
3,900
peak book (m)
4,500
x-covered
3.9
book attrition
-13.33%
nic
-6
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
3,900
peak book (m)
4,500
x-covered
3.9
book attrition
-13.33%
nic
-6
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,000.000
maturity
Aug 28, 2036
type
Fixed
tenor
10.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
AAA
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-6
guidance
MS+58 area
spread
52
coupon
3.75%
spread set
-
price
99.64800
yield
3.793%
book size (m)
2,100
peak book (m)
2,500
x-covered
2.1
book attrition
-16.00%
nic
2
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,100
peak book (m)
2,500
x-covered
2.1
book attrition
-16.00%
nic
2
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2000; Registration: Reg S Only; Comments: LEI: 969500C9913Z7PKUGB44; Book size: 3900; Registration: Reg S Only; Comments: OBL 2.1% 04/29 +35bps (@98.06 - HR 113%). LEI: 969500C9913Z7PKUGB44; Book size: 2100; Registration: Reg S Only; Comments: DBR 3% 08/36 +54.5 (@97.9 - HR 98%). LEI: 969500C9913Z7PKUGB44;
Deal Comments
Combined books >€8bn (incl. €375m JLMs) - skew to 3yr
Use of Proceeds
Proceeds will be used for General Corporate Purposes for the first two tranches, while the third tranche constitutes a Green Bond, with proceeds used to finance and/or re-finance Eligible Green Assets in accordance with the Crédit Agricole Group's Green Bond Framework dated November 2023
Relative Value

Covered
3yr Fix (Aug 2029) @ MS+33a

Implied Spread for fresh 3yr @ MS+20

Priced at MS+14
NIC of -6

Covered Green
10yr Fix (Aug 2036) @ MS+58a

Implied Spread for fresh 3yr @ MS+50

Priced at MS+52
NIC of +2


COMPS

Ticker

Announced

Collateral

Ratings (M/S/F)

ESG

Amount (€m)

Coupon

Maturity

I+Mid

CFF

29-Jun-26

Mortgages

Aaa/AAA/-

-

750

2.88%

Jul-29

14

CRH

07-Jan-26

Mortgages

Aaa/-/AAA

-

500

3.38%

Jan-36

48

BPCECB

07-Jan-26

Mortgages

Aaa/AAA/-

-

1,500

3.38%

Jan-36

48

CFF

05-May-26

Mortgages

Aaa/AAA/-

S

600

3.50%

May-36

48

ACASCF

03-Jun-26

Public Loans

Aaa/AAA/-

-

750

3.50%

May-36

49