Council of Europe launches $1 billion of five-year notes at mid-swaps minus 1 bp

By Devika Patel and Cristal Cody

Knoxville, Tenn., Sept. 15 – The Council of Europe Development Bank (Aa1/AAA-/AA+) launched a $1 billion offering of notes due Sept. 22, 2026 to yield mid-swaps minus 1 basis point, according to a market source.

Initial price talk was in the mid-swaps minus 1 bp area.

BofA Securities, Barclays, JPMorgan and RBC were bookrunners for the deal.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.