By Aleesia Forni
Virginia Beach, March 4 – Council of Europe Development Bank detailed its $1 billion issue of 1.625% five-year global bonds (Aa1/AA+/AA+), which priced at mid-swaps flat on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
Pricing was at 99.513 to yield 1.727%, or Treasuries plus 15.1 bps.
Price talk was set in the mid-swaps flat area.
The bookrunners were Daiwa, J.P. Morgan Securities LLC, RBC Capital Markets LLC and Societe Generale.
The financing and development institution for social projects in Europe is based in Paris.
| Issuer: | Council of Europe Development Bank
|
| Amount: | $1 billion
|
| Description: | Global bonds
|
| Maturity: | March 10, 2020
|
| Bookrunners: | Daiwa, J.P. Morgan Securities LLC, RBC Capital Markets LLC, Societe Generale
|
| Coupon: | 1.625%
|
| Price: | 99.513
|
| Yield: | 1.727%
|
| Spread: | Mid-swaps flat, or Treasuries plus 15.1 bps
|
| Trade date: | March 3
|
| Settlement date: | March 10
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor's: AA+
|
| Fitch: AA+
|
| Price talk: | Mid-swaps flat area
|
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