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CCDQ To Raise $1B In Bond Sale

Caisse Central DesJardins du Quebec is selling $1 billion worth of bonds.

Caisse Central DesJardins du Quebec (CCDQ) is selling $1 billion worth of bonds, The Wall Street Journal reports. The covered bonds will be sold in the 144a private placement market.

Thetreasurer for the Desjardins Group appointed Barclays, HSBC, Morgan Stanley and RBS as the joint bookrunning managers for the deal. The notes carry a coupon rate of 2.55% and are due to mature on March 24, 2016.

Click here for additional coverage from The Wall Street Journal.

Click here for the story from Reuters.

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