Council of Europe grabs $1bn at five years

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By Lewis McLellan
20 Feb 2020

One of February’s few dollar issuers hit screens on Thursday, raising $1bn of five year cash at an impressive spread.

CEB selected Bank of America, BNP Paribas, Deutsche Bank and TD Securities to run the books. The leads offered initial price thoughts of mid-swaps plus 9bp area.

Books opened with guidance in line with initial price thoughts and $750m of indications of interest. ...

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