La Poste France sets seven year bond
French national postal service La Poste has set the size of a planned seven-year bond at 500m euros ($643m), IFR reported on Tuesday.
French national postal service La Poste has set the size of a planned seven-year bond at 500 million euros ($643 million), IFR reported on Tuesday.
Guidance has been tightened to mid-swaps plus 140 basis points from an initial 150 basis points area, said IFR Markets, a Thomson Reuters online news and market analysis service.
The bond had attracted about 2.5 billion euros of investor demand, IFR said, citing sources.
Natixis, Royal Bank of Scotland and SG CIB are joint lead managers on the deal, an official at one of the lead banks said.
La Poste is rated A+ by Standard & Poor’s and AA by Fitch Ratings.
