Caisse d Amortissement de la Dette Sociale
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Primary activity is set to ease into next week as Lunar New Year holidays take place
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French agency aims to diversify currency mix via benchmarks and PPs, and execute euro taps
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Supply resumes after issuers took a nearly three month break
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Hopes that ‘the party’ will go on in a market that has not always had open access of late — but Congress drama could shut it down
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Cades prints $3bn while CEB lands flat to starting level
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Competition for investor attention is fierce, with three year bonds also from JBIC and Opec Fund
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Sovereigns take €7bn each while supranationals and agencies also keep euro buyers busy
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More issuers have decided to do dollar funding ahead of another potentially large US rate increase
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The French agency was last seen in the market just a month ago
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Trio of transactions gives market confidence with more issuance expected
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EIB and Cades reopen deals as Renten lines up new 10 year green bond
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‘We decided to go for it. Obviously a lot of other people had the same idea’