CADES (CMS Advanced Electronic Signatures) is a standard for digitally signing electronic documents, offering various signature levels with varying degrees of security and trust.
A detailed review of the bond identified by ISIN FR0011449776, issued by CADES, provides insight into its characteristics and recent maturity. This debt instrument, originating from France, was denominated in Australian Dollars (AUD) and carried an annual interest rate of 5.335%. The total size of this particular issuance amounted to AUD 420,000,000, with a minimum purchase increment for investors set at AUD 200,000. Interest payments were scheduled once per year, leading up to its definitive maturity date of March 22, 2023. The issuer, CADES (Caisse d'Amortissement de la Dette Sociale), is a public administrative institution of the French state, specifically established to amortize the accumulated debt of the French social security system. As a public entity operating under the supervision of the French ministries of Economy and Finance, and Social Affairs, CADES issues debt instruments, such as this bond, on international capital markets to finance its crucial mandate of managing and reducing the social debt. Its integral role in French public finance management positions its debt as a highly secure investment, often benefiting from implicit or explicit state backing, thereby making its issuances attractive to a broad range of institutional investors seeking low-risk fixed-income opportunities. At its maturity on March 22, 2023, the bond's market price was observed at 100% of its nominal value, confirming its full redemption at par. This bond has successfully completed its lifecycle, having matured and been fully repaid to its holders.
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Italiano
France
FR0011449776 ( in AUD )
