Credit Agricole sets guidance on Tier 1 bond -IFR

LONDON, June 16 (Reuters) - Credit Agricole (CAGR.PA), France's biggest retail bank, has set coupon guidance on its planned Tier 1 perpetual dollar bond at around 9.75 percent, IFR reported on Tuesday.

The French bank's issue follows a $1.5 billion Tier 1 bond from Standard Chartered (STAN.L) this week, the first public perpetual deal of this kind since Lehman Brothers filed for bankruptcy protection in September last year.

Calyon, Goldman Sachs International, HSBC and JP Morgan have been named to manage the Credit Agricole transaction, which is expected to be rated Aa3 by Moody's Investors Service, A- by Standard & Poor's and A+ by Fitch Ratings, said IFR Markets, a Thomson Reuters online news and market analysis service. (Editing by David Holmes)