CADES sets bond tap size at 1.5 bln euros -IFR
LONDON - France's Caisse D'Amortissement de la Dette Sociale (CADES) has set the final size of a planned increase of an existing bond maturing in 2012 at 1.5 billion euros ($2.1 billion), IFR reported on Thursday.
Guidance has been fixed at mid-swaps plus 9 basis points, slightly tighter than the initial 10 basis points area talk, said IFR Markets, a Thomson Reuters online news and market analysis service.
CADES, the agency in charge of refinancing the country's social security debt, is rated triple-A. ($1=.7165 euros)
(Reporting by Natalie Harrison; editing by Mike Nesbit)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick