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Cades keeps guidance on social notes in mid-swaps plus 4 bps area
By Cristal Cody
Chicago, May 18 – Caisse d’Amortissement de la Dette Sociale’s offering of social notes had guidance in line with initial talk, in the mid-swaps plus 4 basis points area, according to a market source on Tuesday morning.
The offering of dollar-denominated notes will have a May 27, 2024 maturity date.
Credit Agricole, Goldman Sachs, HSBC and JPMorgan are bookrunners for the Rule 144A and Regulation S deal, as previously reported.
The French debt agency, also known as Cades, is based in Paris.
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