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Council of Europe launches $1 billion offering of five-year notes at mid-swaps plus 8 bps
By Cristal Cody
Tupelo, Miss., Feb. 20 – The Council of Europe Development Bank (Aa1/AAA/AA+) launched a $1 billion offering of senior global notes due Feb. 27, 2025 on Thursday at mid-swaps plus 8 basis points, according to a market source.
Initial price talk was at the mid-swaps plus 9 bps area.
BofA Securities, Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and TD Securities (USA) LLC are the bookrunners.
The Paris-based Council of Europe Development Bank finances social projects to member states, financial institutions and local authorities for projects including public infrastructure and low-income housing.
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