By Cristal Cody
Eureka Springs, Ark., Sept. 27 – The Council of Europe Development Bank sold $500 million of 1% senior global notes due Feb. 4, 2019 on Tuesday at 99.828 to yield 1.075%, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa1/AA+/AA+) priced at a spread of 33.65 basis points over Treasuries, or mid-swaps plus 7 bps.
Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC were the bookrunners.
The notes are expected to be listed on the Luxembourg Stock Exchange.
The Council of Europe Development Bank is a social development bank based in Paris.
| Issuer: | Council of Europe Development Bank
|
| Amount: | $500 million
|
| Description: | Senior global notes
|
| Maturity: | Feb. 4, 2019
|
| Bookrunners: | Deutsche Bank Securities Inc., J.P. Morgan Securities LLC
|
| Coupon: | 1%
|
| Price: | 99.828
|
| Yield: | 1.075%
|
| Spread: | Treasuries plus 33.65 bps; mid-swaps plus 7 bps
|
| Trade date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Fitch: AA+
|
| Distribution: | SEC registered
|
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