CRH To Price EUR1.75 Billion 12-Year Covered Bond, Swaps +1.20

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The FINANCIAL — France's Caisse de Refinancement de l'Habitat, or CRH, is to price its EUR1.75 billion, 12-year, covered bond at 120 basis points over midswaps, one of the banks running the deal said Monday.


According to Borsa Italiana – London Stock Exchange Group, the size of the order book is in excess of EUR2.5 billion.

BNP Paribas S.A., Credit Agricole S.A., Natixis, Royal Bank of Scotland Group PLC, and UBS AG are lead-managing the deal, which is expected to price Monday.

The issue is expected to be rated triple-A by all three major ratings agencies.



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