By Devika Patel and Cristal Cody
Knoxville, Tenn., Feb. 10 – Caisse d'Amortissement de la Dette Sociale (Aa2//AA) priced $5 billion of 0.625% five-year social bonds on Tuesday, according to a source.
The Rule 144A and Regulation S bonds priced at mid-swaps plus 8 basis points, or Treasuries plus 20 bps. The notes were talked in the mid-swaps plus 9 bps area.
Barclays, Credit Agricole CIB, NatWest and Nomura are the lead managers.
The French debt agency, also known as Cades, is based in Paris.
| Issuer: | Caisse d'Amortissement de la Dette Sociale
|
| Issue: | Notes
|
| Amount: | $5 billion
|
| Maturity: | Feb. 18, 2026
|
| Bookrunners: | Barclays, Credit Agricole CIB, NatWest and Nomura
|
| Coupon: | 0.625%
|
| Spread: | Mid-swaps plus 8 bps or Treasuries plus 20 bps
|
| Pricing date: | Feb. 9
|
| Distribution: | Regulation S and Rule 144A
|
| Price guidance: | Mid-swaps plus 9 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
