Cades back for more with third social bond

By Lewis McLellan
28 Sep 2020

Caisse d’Amortissement de la Dette Sociale is set to return to the social bond market in euros after setting the size record for the format in the currency earlier this month — a feat it also recently achieved in the dollar market.

Cades has selected Commerzbank, HSBC, Natixis and Société Générale to run the books for a euro benchmark  maturing in February 2028.

The deal will be Cades’s first social bond in euros. It printed its debut social bond on September 15, raising $4bn with a ...

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