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CADES Raises $2.5B In Note Sale

Caisse d’Amortissement de la Dette Sociale has raised $2.5 billion in a bond sale.

    Caisse d’Amortissement de la Dette Sociale (CADES) has raised $2.5 billion in a bond sale,Reutersreports. 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.

    Click here for the story fromReuters.

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