Wallonne hits long end with debut social bond as Bpifrance takes size

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By Burhan Khadbai
28 May 2020

The Belgian region of Wallonne took advantage of the growing demand in the long end of the curve to sell its first social bond on Thursday, although it had to pay a chunky new issue premium to do so. Elsewhere, Bpifrance received plenty of demand to print €1.25bn with a 10 year trade.

Wallonne raised €1bn with a June 2040 social bond alongside a June 2025 benchmark for the same size via HSBC, KBC, LBBW, Morgan Stanley and Natixis.

The 20 year social bond was priced with a spread of 40bp over the June 2040 OLO after ...

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