The Wall Street Journal-20080214-New Securities Issues

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New Securities Issues

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The following were among recent offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires and Factiva. (A basis point is one-hundredth of a percentage point; 100 basis points equal a percentage point.)

GLOBAL

Bankpozitif Kredi ve Kalkinma Bankasi AS -- $150 million was raised through loan participation notes issued through Commerzbank, one of the bookrunners said. Citi and Commerzbank were joint bookrunners. Terms: maturity: Feb. 20, 2013; coupon: 7.1%; price: par; payment: Feb. 20, 2008; spread: 441.5 basis points more than Treasurys; ratings: BB (Fitch Inc.); listing: Luxembourg.

Caisse d'Amortissement de la Dette Sociale -- $2 billion bond issue was priced through lead managers Barclays, BNP Paribas and Goldman Sachs, one of the lead managers said. Terms: maturity: Feb. 21, 2011; coupon: 2.625%; reoffer: 99.649; payment: Feb. 21, 2008; spread: 24 basis points below midswaps; ratings: Aaa (Moody's Investors Service), triple-A (Standard & Poor's Rating Service), AAA (Fitch); denominations: $1,000; listing: Luxembourg.

France -- 3 billion euros, 2023-dated inflation-linked bond offering was priced through lead managers ABN Amro, BNP Paribas, Calyon, Natixis and Royal Bank of Scotland, one of the banks managing the deal said. Terms: maturity: July 25, 2023; coupon: 2.1%; reoffer: 98.685; payment: Feb. 20, 2008; spread: 29 basis points more than the 2017- dated OATi; yield: 2.201%; ratings: Aaa (Moody's), triple-A (S&P), AAA (Fitch).

La Poste -- 500 million euros bond issue was priced through lead managers BNP Paribas, J. P. Morgan and Societe Generale, one of the lead managers on the deal said. Terms: maturity: Feb. 27, 2018; coupon: 4.5%; reoffer: 99.945; payment: Feb. 27, 2008; spread: 12 basis points more than midswaps; ratings: double-A (S&P), AAA (Fitch); denominations: 1,000 euros; listing: Luxembourg.

Sparkasse KoelnBonn -- 500 million euros in a 2011-dated covered bond offering was priced through joint-lead managers Barclays Capital, Deutsche Bank and WestLB, one of the banks managing the deal said. Terms: maturity: Feb. 21, 2011; coupon: 3.75%; reoffer: 99.794; payment: Feb. 20, 2008; spread: Two basis points more than midswaps; ratings: Aaa (Moody's); listing: Dusseldorf.