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Cades talks five-year social notes at mid-swaps plus 6 bps area
By Marisa Wong and Cristal Cody
Los Angeles, Oct. 21 – Caisse d’Amortissement de la Dette Sociale (Cades) plans to price dollar-denominated social notes due Oct. 28, 2026, according to a market source.
Price talk is in the mid-swaps plus 6 basis points area.
BNP Paribas, Citi, HSBC and Societe Generale are the bookrunners for the Rule 144A and Regulation S offering.
The French debt agency is based in Paris.
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