Cades to price euro-denominated long eight-year social bonds

By Rebecca Melvin

New York, March 10 – Caisse d'Amortissement de la Dette Sociale plans to price a euro-denominated social bond due May 2029, according to a market source on Wednesday.

The spread was set at OAT plus 15 basis points. The pricing was tightened from the OAT plus 16 bps area and initial thoughts in the OAT plus 17 bps area.

Orders at the time final terms were set were more than €13.5 billion.

Societe Generale, BNP Paribas, Deutsche Bank and Natixis are joint bookrunners.

The French debt agency, also known as Cades, is based in Paris.

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