Dexia digs in
Dexia Crédit Local is today tapping a five year bond and finding good demand at a price over 100bp inside its launch spread from one month ago, despite the start of the holiday season in its home market of France. But others are staying away as the August effect kicks in. Read EuroWeek on Friday for full details of the issue, led by BNP Paribas, Credit Suisse, Dexia and Société Générale for a maximum of Eu300m at 160bp over mid-swaps.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts