Dexia Credit Local

By Gerald Hayes
05 Jul 2013

Guarantors: States of Belgium, France and Luxembourg

Rating: Aa3/AA/AA

Amount: €1.5bn

Maturity: 11 July 2016

Issue/re-offer price: 99.953

Coupon: 1%

Spread at re-offer: mid-swaps plus 24.7bp

Launched: Tuesday 2 July

Payment date: 11 July

Joint books: Crédit Agricole, Commerzbank, Goldman Sachs, Royal Bank of Scotland

Bookrunners’ comment:

We closed the book at €1.7bn, and ...

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