Published on 1/10/2017 in the Prospect News Investment Grade Daily.
New Issue: Dexia Credit Local sells $1.5 billion 2.25% three-year notes at 91.9 bps over mid-swaps
By Cristal Cody
Eureka Springs, Ark., Jan. 10 – Dexia Credit Local SA priced $1.5 billion of 2.25% three-year senior notes (Aa3/AA) at mid-swaps plus 91.9 basis points on Tuesday, according to a market source.
Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co. and Societe Generale were the bookrunners.
The regional bank, focusing on sustainable development, is based in Brussels, Belgium.
| Issuer: | Dexia Credit Local SA
|
| Amount: | $1.5 billion
|
| Description: | Senior notes
|
| Maturity: | Feb. 18, 2020
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., Societe Generale
|
| Coupon: | 2.25%
|
| Spread: | Mid-swaps plus 91.9 bps
|
| Trade date: | Jan. 10
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA
|
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