Published on 7/8/2021 in the Prospect News Investment Grade Daily.
New Issue: Dexia Credit Local sells $1 billion of 0.5% three-year notes at mid-swaps plus 8 bps
By Cristal Cody
Chicago, July 8 – Dexia Credit Local SA sold $1 billion of 0.5% three-year senior notes on Thursday, according to a market source.
The issue priced with a mid-swaps plus 8 basis points spread, on the tight side of initial talk in the mid-swaps plus 9 bps area.
Barclays, Citigroup, Goldman Sachs, HSBC and Societe Generale were bookrunners for the Rule 144A and Regulation S deal.
Dexia Credit Local is a Brussels, Belgium-based regional bank focused on sustainable development.
Issuer: | Dexia Credit Local SA
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Issue: | Senior notes
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Amount: | $1 billion
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Maturity: | July 16, 2024
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Bookrunners: | Barclays, Citigroup, Goldman Sachs, HSBC and Societe Generale
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Coupon: | 0.5%
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Spread: | Mid-swaps plus 8 bps, or Treasuries plus 20.43 bps
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Trade date: | July 8
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Distribution: | Rule 144A and Regulation S
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Price talk: | Mid-swaps plus 9 bps area
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