By Devika Patel
Knoxville, Tenn., Oct. 18 – The Council of Europe Development Bank (Aa1/AAA-/AA+) priced C$300 million of 1% three-year notes on Thursday at a spread of mid-swaps minus 24 basis points or Treasuries plus 22 bps, according to an FWP filing with the Securities and Exchange Commission.
These notes priced at 99.656 to yield 1.117%.
CIBC Capital Markets, RBC Capital Markets, TD Securities were 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.
| Issuer: | Council of Europe Development Bank
|
| Amount: | C$300 million
|
| Description: | Notes
|
| Maturity: | Oct. 21, 2024
|
| Bookrunners: | CIBC Capital Markets, RBC Capital Markets and TD Securities
|
| Coupon: | 1%
|
| Price: | 99.656
|
| Yield: | 1.117%
|
| Spread: | Mid-swaps minus 24 bps or Treasuries plus 22 bps
|
| Trade date: | Oct. 14
|
| Settlement date: | Oct. 21
|
| Ratings: | Moody’s: Aa1
|
| S&P: AAA
|
| Fitch: AA+
|
| Distribution: | SEC registered
|
| Cusip: | 222213AZ3
|
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