Caisse Amortissement De La Dette Sociale (CADES) (CADES) 2021-3

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EUR4,000.00010.3May-31-Aa2-AAFixedOAT-OAT+17 a160%-101.34900
Tranche Comments
10.3 yr: Book size: 9500; Registration: Reg S Only; Comments: EUR4bn long 10yr social bmk. Aa2/nr/AA. BNPP(B&D/DM)/CA-CIB/Citi/Natx. Guidance OAT 1.5% May 2031 +18 area revised OAT+17 (+/-1 WPIR), set OAT+16, bks >9.5bn ex-JLM, launch 4bn OAT mid price 118.78 HR: 91%. FTT 4.20pm;
Use of Proceeds
Refinancing of eligible social deficits