By Andrea Heisinger
New York, Feb. 3 - Council of Europe Development Bank priced $1 billion of 2.75% five-year notes on Wednesday to yield Treasuries plus 38.25 basis points, according to an FWP filing with the Securities and Exchange Commission.
The offering was announced on Tuesday and went overnight to allow investors in Asia in on the books.
The notes (Aaa/AAA/AAA) priced at 99.898 to yield 2.772%. They are non-callable.
BNP Paribas Securities, Credit Suisse Securities, HSBC Securities and Morgan Stanley ran the books.
The issuer grants loans to member states to promote social programs and is based in Paris.
| Issuer: | Council of Europe Development Bank
|
| Issue: | Senior unsecured notes
|
| Amount: | $1 billion
|
| Maturity: | Feb. 10, 2015
|
| Bookrunners: | BNP Paribas Securities, Credit Suisse Securities, HSBC Securities, Morgan Stanley
|
| Coupon: | 2.75%
|
| Price: | 99.898
|
| Yield: | 2.772%
|
| Spread: | Treasuries plus 38.25 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 3
|
| Settlement date: | Feb. 10
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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