CDC finishes public funding in Swissies

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By Frank Jackman
12 Nov 2020

French agency Caisse des Dépôts et Consignations finished its 2020 syndicated funding programme with a visit to the Swiss market this week, printing an extremely tight deal through the high quality domestic covered bond curve.

CDC printed a Sfr100m ($109.4m) June 2026 zero coupon bond on Thursday, which was issued at 101.778% to return a minus 0.32% yield.

Joint leads BNP Paribas and UBS fixed the spread at 20bp over mid-swaps, equating to govvies plus 35bp.

“This was, even for the ...

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