Caisse d'Amortissement de la Dette Sociale $1 billion floating rate bond issue

Overview:

• Caisse d'Amortissement de la Dette Sociale (CADES) issued $1 billion floating rate notes due 2018. 
• Deutsche Bank and Barclays acted as underwriters.
• CADES is a sinking fund established to redeem French social debt.
• The offering had applications of French, English and US law. 

John Crabb - Journalist