Caisse d’Amortissement de la Dette Sociale (CADES) has raised $2.5 billion in a bond sale, Reuters reports. The notes, which carry a coupon rate of 1.25%, will mature on July 11, 2014.
The securities were priced at 99.845 to yield 1.30% over the treasuries. Barclays, BNP Paribas and JP Morgan acted as joint book-running managers on the deal.
