Australian dollar TLAC flow continues as Crédit Agricole mandates new deal

Crédit Agricole London Branch (Crédit Agricole) (A/A1/A+, with an expected issue rating of BBB+/Baa2/A+) mandated a new senior nonpreferred transaction denominated in Australian dollars on 28 June. The 10-year deal is being marketed at 180 basis points over swap area, via Crédit Agricole CIB, National Australia Bank, Nomura and TD Securities.