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Dexia Credit talks five-year notes at mid-swaps plus 65 bps area
By Cristal Cody
Tupelo, Miss., Sept. 11 – Dexia Credit Local SA (Aa3/AA/BBB+) plans to price a dollar-denominated Rule 144A and Regulation S offering of senior notes due Sept. 20, 2022 on Tuesday, according to a market source.
The notes were talked to price in the mid-swaps plus 65 basis points area.
Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Societe Generale CIB are the bookrunners.
The regional bank, focusing on sustainable development, is based in Brussels, Belgium.
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