French government agency, Cades, has raised $2.5 billion in a note sale, Reuters reports. The agency sold the notes in the 144a private placement market. The bonds, which carry a coupon rate of 2.37%, will be due on March 31, 2016. The joint book-running managers for the sale were Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs and HSBC.

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