Main features

ISSUE  
Format EMTN Programme
Lead managers BARCLAYS CAPITAL
BNP PARIBAS
CDC IXIS
Maturity July 25, 2020
Maturity when issued 15 years and 273 days
Nominal amount EUR 1 000 000 000
Nominal rate Max [0;(1+ TEC10 -100 bp)^1/4 -1]
First coupon date July 25, 2005
Amortisation in fine, bullet redemption at par
Issue date September 29, 2004
Payment date October 25, 2004
Investor issue price 98.55 %
Investor rate TEC10-88 bp

CADES   -   139 rue de Bercy   -   75012 PARIS