By Andrea Heisinger
New York, April 10 - Caisse d'Amortissement de la Dette Sociale sold $1 billion of 2% seven-year notes (Aa1//AAA) on Wednesday to yield a spread of mid-swaps plus 62 basis points, a market source said.
Guidance was in the mid-swaps plus 65 bps area, the source said.
Pricing was at 99.903.
The sale went overnight from Tuesday and was done under Rule 144A and Regulation S.
BofA Merrill Lynch, Barclays and Citigroup Global Markets Inc. were the bookrunners.
The French debt agency is based in Paris.
| Issuer: | Caisse d'Amortissement de la Dette Sociale
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | April 17, 2020
|
| Bookrunners: | BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc.
|
| Coupon: | 2%
|
| Price: | 99.903
|
| Spread: | Mid-swaps plus 62 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | April 10
|
| Settlement date: | April 17
|
| Ratings: | Moody's: Aa1
|
| Fitch: AAA
|
| Price talk: | Mid-swaps plus 65 bps area
|
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