By Andrea Heisinger
New York, Feb. 9 - The Council of Europe Development Bank sold $1 billion of 2.625% five-year senior notes on Wednesday at a spread of 32.35 basis points over Treasuries, or mid-swaps plus 10 bps, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) were sold at 99.828 to yield 2.662%.
The notes are non-callable.
BNP Paribas, HSBC Securities, JPMorgan and RBC Capital Markets handled the books for the sale.
Proceeds are being used for the general operations of the bank, including loan disbursements.
The European funding agency for the financing and development of social projects is based in Paris.
| Issuer: | Council of Europe Development Bank
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | Feb. 16, 2016
|
| Bookrunners: | BNP Paribas, HSBC Securities, JPMorgan, RBC Capital Markets
|
| Coupon: | 2.625%
|
| Price: | 99.828
|
| Yield: | 2.662%
|
| Spread: | Treasuries plus 32.35 bps, mid-swaps plus 10 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 9
|
| Settlement date: | Feb. 16
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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