Caisse de Refinancement de l’Habitat is selling 12-year covered bonds in euros, according to a banker involved in the deal.
The notes may be priced to yield about 125 basis points more than the benchmark mid-swap rate.
Barclays Capital, BNP Paribas SA, Credit Agricole SA (ACA), Natixis, Royal Bank of Scotland Group Plc and UBS AG are managing the transaction.
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