Dexia Credit Local Prices EUR1.35B 2012 Government-Guaranteed FRN

17th Jun 2010 15:06

LONDON (Dow Jones)--Dexia Credit Local has priced its EUR1.35 billion, two-year, government-guaranteed floating rate note at 33 basis points over three-month Euribor, a one of the banks running the sale said Thursday. The deal is guaranteed by the governments of Belgium, France, and Luxembourg. Credit Suisse Group, Dexia, DZ Bank, HSBC Holdings PLC, and Natixis are joint-lead managers. Terms are as follows: Amount: EUR1.35 billion Maturity: June 28, 2012 Coupon: 30 basis points over 3-month Euribor Reoffer Price: 99.94 Payment Date: June 28, 2010 Spread: 33 basis points over 3-month Euribor Debt Ratings: Aa1 (Moody's) AA+ (Standard & Poor's) AA+ (Fitch) Denominations: EUR50,000 and EUR1,000 thereafter Listing: Luxembourg -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 17, 2010 10:06 ET (14:06 GMT)