Dexia Credit Local Plans Two-Year Government Guaranteed FRN

17th Jun 2010 11:44

LONDON (Dow Jones)--Dexia Credit Local is planning to sell a two-year, senior floating rate note which will be guaranteed by the governments of Belgium, France, and Luxembourg, one of the banks running the sale said Thursday. Credit Suisse Group, Dexia, DZ Bank, HSBC Holdings PLC, and Natixis have been hired as joint-lead managers. The issuer is rated Aa1 by Moody's Investors Service, and AA+ by Standard & Poor's Corp. and Fitch Ratings. -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, [email protected] (END) Dow Jones Newswires June 17, 2010 06:44 ET (10:44 GMT)