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SYDNEY, Sept 3 (Reuters) - French bank Credit Agricole CA (CAGR.PA) will meet with Australian and Asian bond investors next week, a fund manager who has been contacted about the roadshows said on Friday.
The presentations, jointly arranged by ANZ, Commonwealth Bank of Australia and RBC Capital Markets, will kick off in Melbourne on Monday and continue in Sydney on Tuesday. The bank will then fly to Asia where meetings will include a stop in Hong Kong.
Separately, rival French bank Societe Generale SA (SOGN.PA) met with Australian investors for the first time on Thursday via a video conference hosted by UBS, a person who attended the call said.
Credit Agricole and Societe Generale have never sold kangaroo bonds, Australian dollar bonds sold by foreign borrowers in Australia.
In July, Credit Agricole raised 1 billion euros in five-year bonds via its London branch, rated AA-minus by S&P and Aa1 by Moody's, at 147.8 basis points over the French government bond OBL 157.
In August, Societe Generale added 500 million euro to a five-year bond issue, rated A-plus by S&P and Aa2 by Moody's, at 157 bps over the French government bond OBL 157.
More than A$63 billion in bonds has been sold so far this year in Australia, excluding asset-backed securities, ThomsonReuters data shows. About half of this total volume came from banks.
A rush of banks, particularly foreign lenders or Australian units of foreign banks, have been selling bonds in Australia in the past month, making August the second largest month of the year with over A$11 billion of bonds.
Just this week, Bank of Scotland (LLOY.L), Bank of America (BAC.N) and Credit Suisse (CSGN.VX) raised debt in Australia as investors are keen to put money to work.