By Aleesia Forni
New York, March 15 – Dexia Credit Local priced $1 billion of two-year floating-rate notes (Aa2/AAA) at par to yield Libor plus 60 basis points on Tuesday, according to an informed source.
The notes sold in line with guidance.
Deutsche Bank Securities Inc. and BofA Merrill Lynch were the joint bookrunners for the Rule 144A and Regulation S deal.
The regional bank, focusing on sustainable development, is based in Brussels, Belgium.
| Issuer: | Dexia Credit Local
|
| Amount: | $1 billion
|
| Description: | Unsecured notes
|
| Maturity: | March 23, 2018
|
| Bookrunners: | Deutsche Bank Securities Inc., BofA Merrill Lynch
|
| Coupon: | Libor plus 60 bps
|
| Price: | Par
|
| Yield: | Libor plus 60 bps
|
| Trade date: | March 15
|
| Ratings: | Moody’s: Aa2
|
| Standard & Poor’s: AAA
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Libor plus 60 bps area
|
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