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Cades talks dollar 10-year social bonds at mid-swaps plus 30 bps area
By Cristal Cody
Tupelo, Miss., Oct. 13 – Caisse d'Amortissement de la Dette Sociale (Aa2//AA) plans to price a Rule 144A and Regulation S offering of dollar-denominated 10-year social bonds on Wednesday, according to a market source.
Initial price talk is in the mid-swaps plus 30 basis points area.
BNP Paribas Securities Corp., Credit Agricole CIB, J.P. Morgan Securities LLC and Societe Generale are the lead managers.
The French debt agency, also known as Cades, is based in Paris.
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