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Credit Agricole Said to Hire Banks for Euro Covered Bond Sale

Credit Agricole SA (ACA) 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 (DANSKE), Societe Generale SA, UBS AG and UniCredit SpA (UCG) 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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