By Cristal Cody
Tupelo, Miss., Nov. 18 – Banque Federative du Credit Mutuel priced $1 billion of 0.65% notes due Feb. 27, 2024 (Aa3/A/A+) on Tuesday at a spread of Treasuries plus 47 basis points, according to a market source.
Price talk was in the Treasuries plus 70 bps area.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities LLC were the bookrunners.
The bank and financial services company is based in Strasbourg, France.
| Issuer: | Banque Federative du Credit Mutuel
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| Amount: | $1 billion
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| Description: | Notes
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| Maturity: | Feb. 27, 2024
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| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities LLC
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| Coupon: | 0.65%
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| Spread: | Treasuries plus 47 bps
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| Trade date: | Nov. 17
|
| Ratings: | Moody’s: Aa3
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| S&P: A
|
| Fitch: A+
|
| Price guidance: | Treasuries plus 70 bps area
|
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