Actualités
CEB issues new USD 1 billion 5-year Global benchmark transaction
09 mars 2016
PARIS - On 9 March, the CEB priced a USD 1 billion 5-year SEC Registered Global benchmark.
Ahead of key central bank meetings in Europe and the United States, the CEB took advantage of a small issuance window and positive momentum from recent deals to launch its first US dollar benchmark since March 2015.
The transaction was announced to the market at noon London time on 8 March, with initial price thoughts of mid-swaps +42 area. Order books officially opened on Wednesday 9 March at 8:00am London time, with price guidance affirmed at mid-swaps +42 area.
Investor response throughout the London afternoon and Asia overnight session was steady, with indications of interest led by bank treasuries and central banks.
Investor interest exceeded USD 900 million by mid London morning and at which point the final spread was set in line with guidance.
The final order book closed north of USD 1 billion with over 30 accounts involved, and well diversified geographically. The transaction demonstrates the CEB’s commitment to the US dollar market, having issued a 5-year US dollar Global benchmark every year since 2010.
Investor participation
By Geography
EMEA 54%
Americas 34%
Asia 12%
By Investor Type
Banks 64%
Central Banks/Official Institutions 25%
Fund Managers & Other 11%
Fondée en 1956, la CEB (Banque de Développement de Conseil de l'Europe) compte 41 États membres, dont 22 pays d'Europe centrale, orientale et du Sud-Est formant les pays cibles de la Banque. En tant qu'instrument majeur de la politique de solidarité en Europe, la Banque finance des projets sociaux en mettant à leur disposition des ressources levées dans des conditions reflétant la qualité de sa notation (Aa1 auprès de Moody's, perspective stable, AA+ auprès de Standard & Poor's, perspective stable et AA+ auprès de Fitch Ratings, perspective stable). Elle accorde des prêts à ses États membres, à des établissements financiers et à des autorités locales pour le financement de projets dans le secteur social, conformément à son Statut.