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Commentary & Deal Flow

LAUNCHED: CDP Financial Inc. €1.25bn 7yr Sr Unsec; MS+33bp

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Spread Set

CDP Financial

7yr

02-Sep-33

€1.25bn

Sr Unsec

Fixed

MS+36a

MS+33


Launched: 7yr: €1.25bn @ MS+33bp - Orderbooks in excess of €6bn (incl. €400m JLM interest)
Guidance: 7yr: MS+36a


  • Issuer: CDP Financial Inc.
  • Ticker: CADEPO
  • Guarantor: Caisse de dépôt et placement du Québec ("La Caisse")
  • Issuer’s LEI: 549300OXMGVYFCBFV096
  • Issuer Ratings: Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/DBRS)
  • Format: 144A/ 3c7/ Reg S
  • Size: €1.25bn
  • Settlement: 02-Sep-26 (T+5)
  • Maturity: 02-Sep-33 (7 years)
  • Coupon: Fixed, Annual, Act/Act ICMA
  • Law: State of New York
  • Listing: Irish Stock Exchange plc trading as Euronext Dublin, unregulated market (GEM)
  • Docs: Issuer’s Senior Notes Programme
  • ISIN: XS3487744172 (Reg S) / XS3487744339 (144A)
  • Denoms: Euro 250K + 1K
  • Bookrunners: Barclays, BofA Securities, Natixis, RBC Capital Markets (DM & B&D) and Scotiabank
  • Books Subject: 10.45 LDN / 11.45 CET
  • Timing: Today's business