CADES Plans 5-Year Dollar Benchmark Bond At Swaps +0.40 Area
June 23 2009 - 5:03AM
Dow Jones News
France's Caisse d'Amortissement de la Dette Sociale, or CADES,
is planning to issue a five-year, dollar-denominated benchmark
bond, one of the lead managers said Tuesday.
Price guidance has been set in the area of 40 basis points over
mid-swaps.
Barclays PLC, Goldman Sachs Group Inc. and JP Morgan Chase &
Co. have been hired to lead-manage the deal, which should be priced
this week, subject to market conditions.
The issue will receive a triple-A rating from the three major
ratings agencies.
-By Sonja Cheung, Dow Jones Newswires; +44 20 7842 9315;
sonja.cheung@dowjones.com