Crédit Agricole S.A. - CASHA

[Onion]

The price of these are up to 92c. That is a significant uplift over the past few months.

I wonder what is driving the price up:

• Confidence that Credit Agricole is on a stable footing? Lower chance of a haircut?
• Confidence that the bonds will be repaid next year? Given the interest rates in other parts of the world it may make sense for them to redeem bonds paying over 5%.

[Xerof]

Probably all of those factors.

Lee Partners gave a heads-up on the situation a few weeks ago, so perhaps their clients are providing demand.

These types of hybrids are like chewing gum on the bedpost as well - they lose their flavour over time (i.e. authorities won't accept them as part of various equity calculations)

[Shane.trading]

Whats are readers views on the Crédit Agricole S.A. Tender offer? does that mean NZD will follow? Thanks

[Snow Leopard]

Whats are readers views on the Crédit Agricole S.A. Tender offer? does that mean NZD will follow? Thanks

Rien {nothing} !

Non {no} !



De rien
Tigre de Papier

[Newman]

You need to take into consideration of exchange rate, as well as interest rate, to guess what Credit Agricole would do in December 2017.
When it issued the notes in Dec 2007, NZ$1 = 0.5276 Euro, now the rate is about 0.68.
If you make a decision for the bank, what would you do?

[macduffy]

Merci, Tigre, great post!

Merci (Thanks).