Cades ‘best ever’ in euros, joy for EIB too

27 Jan 2012

Cades (Caisse d’Amortissement de la Dette Sociale) and the European Investment Bank took advantage of the bullish market this week to issue euro benchmarks, both of which exceeded the expectations of the issuers and lead managers.

Cades powered in with a €4bn December 2025 bond, the success of which was down to the 4% coupon — much sought after, particularly by insurance companies and pension funds.

Philippe Noel, head of funding at Cades, said it was the best deal he had issued in his time ...

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