Caisse d Amortissement de la Dette Sociale
-
◆ French agency begins fundraising for 2025 ◆ New deal upsized from $2bn ◆ Programme is smaller this year -
Mandates flood in for dollar and euro deals as EU prepares to offer dual-tranche deal
-
Primary activity is set to ease into next week as Lunar New Year holidays take place
-
French agency aims to diversify currency mix via benchmarks and PPs, and execute euro taps
-
Supply resumes after issuers took a nearly three month break
-
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
-
Cades prints $3bn while CEB lands flat to starting level
-
Competition for investor attention is fierce, with three year bonds also from JBIC and Opec Fund
-
Sovereigns take €7bn each while supranationals and agencies also keep euro buyers busy
-
More issuers have decided to do dollar funding ahead of another potentially large US rate increase
-
The French agency was last seen in the market just a month ago
-
Trio of transactions gives market confidence with more issuance expected
