AGENCE FRANCAISE DE DEVELOPPEMENT opted to cover its US dollar needs with a floating rather than fixed-rate note, supported by somewhat better funding costs in the format. The USS650m Reg S two-year was increased from a U$500m minimum size and priced in line with IPTs at 12bp over three-month Libor via Bank of America Merrill lynch. Credit Agricole and Goldman Sachs.
展开▼