By Marisa Wong and Cristal Cody
Los Angeles, May 11 – Caisse d’Amortissement de la Dette Sociale (Cades) priced $3.5 billion of 3% three-year social notes at SOFR mid-swaps plus 30 basis points, or Treasuries plus 21.25 bps, according to a market source.
Initial price talk for the Rule 144A and Regulation S notes was in the SOFR mid-swaps plus 31 bps area.
Credit Agricole CIB, JPMorgan, NatWest and Nomura were the bookrunners, as previously reported.
The French debt agency is based in Paris.
| Issuer: | Caisse d’Amortissement de la Dette Sociale
|
| Amount: | $3.5 billion
|
| Issue: | Social notes
|
| Maturity: | May 17, 2025
|
| Bookrunners: | Credit Agricole CIB, JPMorgan, NatWest and Nomura
|
| Coupon: | 3%
|
| Spread: | SOFR mid-swaps plus 30 bps, or Treasuries plus 21.25 bps
|
| Distribution: | Rule 144A and Regulation S
|
| Initial price talk: | SOFR mid-swaps plus 31 bps area
|
| ISINs: | XS2480532915, US12802D2J49
|
|
|
|
|
© 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.
