Main features

ISSUE  
Lead-managers Barclays de Zoete Wedd Ltd
J.P. Morgan Securities Ltd
Senior arranger Paribas
Type global bond
Maturity 10 December 2001
Maturity when issued 5 years
Nominal amount USD 2 000 000 000
Nominal rate Libor 3 months USD - 0.1875 %
Amortisation bullet redemption at par
Coupon Quarterly at maturity
Issue date 3 December 1996
Settlement date 10 December1996
Investor issue price 0.99795
Investor actuarial rate Libor 3 months USD - 0.14 %
Issuer rate including charges Libor 3 months USD - 0.1050 %

CADES   -   139 rue de Bercy   -   75012 PARIS