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Credit Agricole Halts Bond Sale Amid French Turmoil

10/7/2025

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Summary

Story summary

Credit Agricole S.A. postponed its 10-year Canadian dollar bond sale after France’s Prime Minister Sebastien Lecornu resigned on October 6, 2025.
Lecornu's resignation sparked a French asset selloff, pushing 10-year yields to 3.6%.
Credit Agricole S.A. is monitoring the bond situation daily amid turmoil.
The issue was discussed at C$500m–C$750m, with pricing around 145 bps over the government curve.

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Story summary

Credit Agricole S.A. postponed its 10-year Canadian dollar bond sale after France’s Prime Minister Sebastien Lecornu resigned on October 6, 2025.
Lecornu's resignation sparked a French asset selloff, pushing 10-year yields to 3.6%.
Credit Agricole S.A. is monitoring the bond situation daily amid turmoil.
The issue was discussed at C$500m–C$750m, with pricing around 145 bps over the government curve.