Too good to miss, Cades comeback breaks record

Caisse d’Amortissement de la Dette Sociale on Thursday smashed down the barriers that had kept it out of the dollar market since last June — and did so in some style. The French agency claimed its biggest issue size in the currency and only paid a 10bp new issue premium to do so, it said, all in a week when Moody’s placed its sovereign guarantor on negative outlook.