CEB prints A$40 million October 2038 social inclusion Kangaroo bond

Wednesday, 27 September 2023

Issuer name: Council of Europe Development Bank
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: 27 September 2023
Settlement date: 12 October 2023
Maturity date: 12 October 2038
Lead manager: Daiwa Capital Markets

Transaction type: social inclusion Kangaroo bond
Volume: A$40 million (US$25.6 million)
Coupon type: fixed
Coupon rate: 5.137%
Issue/re-offer price:100%
Issue yield: 5.137%
Margin to swap: 44bp/s-q
Margin to ACGB: 62bp/April 2037

Framework: CEB's Social Inclusion Bond Framework, March 2022
Second-party opinion: Sustainalytics
ICMA aligned: yes