By Andrea Heisinger
New York, June 12 - The Council of Europe Development Bank priced $1 billion of 1.5% five-year senior notes on Tuesday to yield mid-swaps plus 55 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) were sold at 99.701 to yield 1.5625%. There is no call option.
Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc. and RBC Capital Markets LLC were the lead managers.
The financing and development institution for social projects in Europe is based in Paris.
| Issuer: | Council of Europe Development Bank
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | June 19, 2017
|
| Bookrunners: | Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., RBC Capital Markets LLC
|
| Coupon: | 1.5%
|
| Price: | 99.701
|
| Yield: | 1.5625%
|
| Spread: | Mid-swaps plus 55 bps
|
| Call: | Non-callable
|
| Trade date: | June 12
|
| Settlement date: | June 19
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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