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Credit Agricole Indosuez this week launched Daphne Finance I plc, gaining regulatory capital relief on a Eu3bn portfolio of loans, guarantees and advances via CAI and Credit Suisse First Boston.
The SPV issued six tranches rated by Moody's and Standard & Poor's totalling Eu320.7m, all averaging 4.75 years.
The leads announced the deal at the start of April, but continued to tweak the structure over the following weeks to suit investor demand, breaking out a second triple-A tranche at the senior...