Agence France Locale SA (AGFRL) 2023-2

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EUR500.00015Jun-38Sr. UnsecuredAa3AA--FixedOAT-OAT+46 a443.63%-98.60100
Tranche Comments
15 yr: Registration: Reg S Only; Comments: EUR500m WNG 15yr bmk snr unsec RegS. Aa3/AA-/NR. DB/GSBE/HSBC/NatWest. Guidance interp mid OATs (1.25% 05/2038 & 0.5% 05/2040) +46 area, came OAT+44 vs 1.25% May 2038 @ 75.98 / 3.307% & 0.5% May 2040 (mid) @ 63.57 / 3.345%, HR: 114% vs FRTR 1.25% May 2038. . FTT 1.15pm. LEI: 969500NMI4UP00IO8G47;
Guarantor(s)
Agence France Local Societe Territoriale SA