Council of Europe Development Bank offers dollar notes talked at SOFR mid-swaps plus 44 bps area

By Cristal Cody

Chicago, Jan. 17 – The Council of Europe Development Bank is in the Wednesday market with an offering of dollar-denominated global notes due Jan. 24, 2029, according to a market source.

Initial talk is in the SOFR mid-swaps plus 44 basis points area.

Barclays, Citigroup, JPMorgan and Morgan Stanley are working as bookrunners.

The bank priced its first benchmark offering of the year on Jan. 4 in euros, as €1.5 billion of 2.625% notes due January 2034.

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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