Dexia Municipal Agency

27 Jun 2008

Rating: Aaa/AAA/AAA
Amount: Sfr100m
Maturity: August 2017
Issue price: 98.685
Coupon: 3.5%
Spread at re-offer: 3bp over mid-swaps
Launched: Tuesday 24 June
Payment date: 29 July
Lead mgr: Credit Suisse

Bookrunner’s comment:

A long maturity is only of interest to a small group of potential investors. This issue was driven by one very big order and the difficulty ...

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