UPDATE: Dexia Credit Local To Price 2-Year Guaranteed FRN

17th Jun 2010 14:22

(Adds details) By Mark Brown Of Dow Jones Newswires LONDON (Dow Jones)--Dexia Credit Local has set the size on its planned two-year, government-guaranteed floating rate note issue at EUR1.35 billion, and will price the deal at 33 basis points over three-month Euribor, a syndicate official at the bank said Thursday. The deal will be guaranteed by the governments of Belgium, France, and Luxembourg. 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 09:22 ET (13:22 GMT)