Council of Europe talks dollar-denominated five-year notes at mid-swaps plus 9 bps area

By Cristal Cody

Tupelo, Miss., Feb. 19 – The Council of Europe Development Bank (Aa1/AAA/AA+) plans to price dollar-denominated five-year senior global notes on Thursday, according to a market source.

Initial price talk is at the mid-swaps plus 9 basis points area.

BofA Securities, Inc., BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and TD Securities (USA) LLC are the bookrunners.

The Paris-based Council of Europe Development Bank finances social projects to member states, financial institutions and local authorities for projects including public infrastructure and low-income housing.

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