Cades picks up $3bn of threes with triple figure spread
Caisse d’Amortissement de la Dette Sociale (Cades) issued its first dollar benchmark of the year on Thursday, taking advantage of an improvement in the perception of French sovereign credits in the wake of improved economic growth figures released this week. Cades also benefited from a lack of short-dated issuance with most recent SSA dollar deals being concentrated in the five year part of the curve.
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