Caisse d Amortissement de la Dette Sociale
-
-
France’s Caisse d’Amortissement de la Dette Sociale sashayed into the offshore Renminbi market in style on Wednesday, becoming the first French public sector issuer to print CNH — and printing the biggest ever deal from a European agency. -
Caisse d'Amortissement De La Dette Sociale has set guidance and opened books on its debut offshore renminbi deal, which could be priced as early as Wednesday.
-
Caisse d'Amortissement de la Dette Sociale is set for a market first this week, after mandating banks on Monday for what will be the first offshore renminbi bond from a French public sector issuer.
-
-
The Swiss National Bank’s shock decision to unpeg its currency from the euro on Thursday morning made selling a new May 2023 bond a tougher than normal task for Caisse d'Amortissement de la Dette Sociale, although the deal still hit full subscription, according to one of the leads. With the European Central Bank expected to announce sovereign quantitative easing next week, the window for eurozone issuers to print is getting smaller — although a new agency is known to be looking.
-
Caisse d'Amortissement de la Dette Sociale took a lead from the European Financial Stability Facility on Wednesday, mandating banks for a novel eight year deal. The announcement came the same day as the French agency unveiled its funding target for 2015.
-
A supranational and an agency nipped in to print tightly priced taps of euro-denominated debt this week.
-
Caisse d’Amortissement de la Dette Sociale printed a €500m tap of a short-dated note at a skinny spread over its sovereign on Thursday.
-
A French agency is set to join the European Union in tapping an outstanding euro benchmark this week, after mandating a bank for a deal late on Wednesday afternoon.
-
Read on to see how selected benchmarks are faring in secondary. Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.
-
Caisse d’Amortissement de la Dette Sociale on Tuesday sold its largest ever 10 year euro deal, buoyed by a sell-off in rates that morning. Investors piled into the deal, eager to get a piece of core eurozone SSA paper paying a double digit spread over mid-swaps.
