Caisse d'amortissement de la dette sociale $5 billion 1.25% note issue

12/3/2015

Investment grade bond/note issue

Value:

$ 5 billion

Status:

Completed

Date:

12/3/2015

Overview:

Caisse d'Amortissement de la Dette Sociale (CADES) issued $5 billion 1.250% notes due 2018.
Citigroup, Deutsche Bank, JPMorgan Securities and Société Générale acted as underwriters.
CADES is a sinking fund established to redeem French social debt.

John Crabb - Journalist

Jurisdiction:

France

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sectors:

Financial services
Investment management

Firms:

Clifford Chance

Party: Caisse d'Amortissement de la Dette Sociale (Issuer)

Lawyers: Alex Bafi, Cedric Burford

Linklaters

Party: Deutsche Bank (Underwriter)

Party: JPMorgan Securities (Underwriter)

Party: Societé Générale (Underwriter)

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