Dexia Municipal Agency

19 Jun 2008

Rating: Aaa/AAA/AAA
Amount: Sfr250m
Maturity: 21 June 2011
Issue price: 100.355
Spread at re-offer: flat to mid-swaps
Coupon: 3.5%
Launch date: Tuesday 17 June
Payment date: 21 July
Lead mgr: UBS

Bookrunner’s comment:

We looked at a range of opportunities for the issuer, this week spreads in Swiss franc seemed to offer the best conditions.

It was successful ...

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