Press releases

SFIL Group has launched in very good financing conditions its fourth transaction of the year for an amount of EUR 500 millions and a maturity of 12 years

Following two first covered bond transactions issued by CAFFIL in January and April, SFIL Group successfully launched its third transaction of the year. The transaction was issued by SFIL, in euro, with an issuance volume of EUR 1 billion and a maturity of 10 years.

SFIL Group has successfully launched its second transaction of the year. The transaction was issued by CAFFIL for an amount of EUR 1 billion and a maturity of 6 years.

In 2021, SFIL posted the best financial results since its creation (net banking income, net income, cost-to-income ratio, risk indicators) in the context of a very strong business activity. This performance illustrates the strength of its public development bank model and its crucial role as the leading lender in its two business lines: financing the […]

The European Central Bank has notified SFIL of an additional capital requirement under the P2R (Pillar 2 requirement) as of March 1, 2022. Last year’s P2R requirement for SFIL was unchanged at 0.75%

On November 23rd, SFIL launched its 8th public issuance of the year with an issuance volume of EUR 500 m, and a maturity of 10 years under green bond format, with favourable conditions in terms of order volume and pricing. This transaction closes the SFIL Group’s program for the year 2021 with a record issuance […]

SFIL Group successfully launched its seventh transaction of the year, and the fifth transaction of the year for CAFFIL (including one in social format). The transaction was issued by CAFFIL under covered bond format, for a total amount of EUR 1.25 billion, divided into two tranches with maturities of 8 and 25 years, and issuance […]

SFIL participated in the 2021 European stress tests conducted by the Single Supervisory Mechanism (SSM). This exercise does not refer to a minimum capital threshold that must be reached, but is used by the supervisor as part of its institution evaluation process (“SREP”).

Following three covered bond transactions issued by CAFFIL and a transaction by SFIL in USD, SFIL Group successfully launched its fifth transaction of the year 2021.The transaction was issued by SFIL with a maturity of 8 years and an issuance volume of EUR 1 billion.After several episodes of volatility, SFIL seized the opportunity of a […]

SFIL has successfully launched its 4th transaction of the year, issued by CAFFIL with a maturity of 8 years and an issuance volume of EUR 750m.

On the occasion of the publication of its annual financial report, SFIL announces net income of EUR 44 million for 2020 (compared with EUR 50 million in 2019), a cost/income ratio of 63% (65% in 2019) and an excellent CET1 solvency level of 29.4% (24.4% in 2019).

The European Central Bank notified the level of additional requirement in respect of P2R (Pillar 2 Requirement) for SFIL’s Group, which will apply from 1 January 2021. Last year’s requirement is maintained and stands at 0.75% for SFIL. Taking into account the regulatory buffers, the minimum requirements applicable to SFIL on a consolidated basis are […]

SFIL Group has successfully launched its first transaction of the year. It was issued under covered bond format by CAFFIL with a maturity of 10 years and an issuance volume of EUR 1.5 billion.

Since September 30, 2020, SFIL is a new member of the Groupe Caisse de Dépôts, the new major public financial group.

SFIL Group has successfully launched its sixth transaction of the year. It was issued under covered bond format by CAFFIL with a maturity of 15 years and an issuance volume of EUR 750m.

The French Republic, Caisse des Dépôts and La Banque Postale announced today that they have finalized the transfer of the majority of SFIL’s share capital to Caisse des Dépôts, in accordance with and under the same conditions as the agreements between SFIL’s shareholders dated March 4th, 2020 and October 9th, 2019.

SFIL Group has successfully launched its fifth transaction of the year. It was issued under covered bond format by CAFFIL with a maturity of 7 years and an issuance volume of EUR 1.5 billion.

SFIL Group completed its fourth public offering of the year, in the amount of €1 billion and with a 10-year maturity. It is the second ordinary CAFFIL offering of the year, following the one completed last February with a 20-year maturity.

This covered bond transaction issued by CAFFIL with a volume of EUR 1 billion and a maturity of 5 years is the second transaction by SFIL Group under social bond format financing public hospitals, following the inaugural transaction in February 2019.

• On the occasion of the publication of its annual financial report, SFIL announces net income of EUR 50 million and an excellent level of solvency (CET1: 24.4%) for 2019. • These results are fully in line with the moderate profitability objective that characterizes public development banks and which is underpinned by a low level […]

« Together we are committed to preserving economic fundamentals and supporting the strongest possible recovery from the crisis. The functioning of our public infrastructure, especially hospitals, the maintaining employment and the survival of small and medium-sized enterprises are number one priorities for us. Public banks will step up their liquidity injections to the economic system […]

The French Government, Caisse des Dépôts and La Banque Postale today announced the signing of a binding agreement for the transfer of a majority stake in SFIL’s capital to Caisse des Dépôts et Consignations (CDC).

SFIL Group has successfully launched its first bond transaction of the year. The transaction was issued under covered bond format by CAFFIL with a maturity of 20 years and an issuance volume of EUR 750m.

Following 2019 SREP (Supervision Review and Evaluation Process) exercise, European Central Bank (ECB) notified SFIL’s Capital and Common Equity Tier 1 (CET1) requirement as of 1 January 2020

Today, SFIL Group has successfully launched its first green bond under covered bond format issued by CAFFIL. The transaction has a maturity of 10 years for an amount of EUR 750 m. This is the first green bond transaction exclusively dedicated to the financing of green investments by French local authorities. It is also the […]

Following the discussions announced on November 15th 2018, the French Government, Caisse des Dépôts and La Banque Postale announced today the signing of an agreement in principle for the transfer of majority of SFIL’s capital to Caisse des Dépôts et Consignations (CDC).

The SFIL Group has successfully launched its first social bond issue, Under covered bonds format issued by CAFFIL, for an amount of EUR 1 billion with a maturity of 8 years. This is the first social issue in Europe dedicated exclusively to financing public hospitals. It is also the first sustainable covered bond issued by […]

Today, CAFFIL launched its first benchmark covered bond transaction of the year. This dual tranche transaction consisted of a EUR 750 m 6 year tranche and a EUR 500 m tranche with a 15 year maturity.

The French Ministry for the Economy and Finance and CDC announced that they have entered into discussions on the transfer of control of SFIL to CDC. For SFIL, the public development bank created in 2013, this change in controlling shareholder would mark a new phase in its young history promoting local investment and exports.

The rating agency DBRS has awarded a AA (high) rating to SFIL and a AAA rating to covered bonds issued by CAFFIL

For its third public issue of the year, Caisse Française de Financement Local (CAFFIL) opted for a maturity of 20 years, very long and rarely offered on the covered bond market. The selected duration and size, EUR 500 million, match the maturity needs in terms of funding of its long term credits granted to French […]

SFIL has successfully launched its second USD transaction with a volume of USD 1 billion and a 3-year maturity. This new transaction comes just one year after the inaugural USD transaction by SFIL in June 2017. Overall, this is the 5th transaction by SFIL since October 2016.

On the publication of its 2017 full-year financial report, SFIL reported net income of EUR 54 million, triple the 2016 figure. This outstanding performance is the result of the SFIL group’s sound management of its two missions to serve the French economy: refinancing the local public sector and export refinancing. It also bears witness to […]

Caisse Française de Financement Local (CAFFIL) today completed its second public bond issue of the year with a volume of EUR 1.5 billion and a maturity of 10 years.

SFIL has completed its first bond issue of the year with a maturity of 8 years and a volume of EUR 1 billion, bringing the number of public transactions of SFIL since October 2016 to four and representing the 20th benchmark transaction of the group since its creation.

Caisse Française de Financement Local (CAFFIL) today completed its first public covered bond issue of the year, with two benchmark tranches with respective maturities of 8 and 15 years, for a total amount of EUR 1.5 billion.

SFIL successfully launched its third bond issue with a volume of EUR 1 billion and a 5-year maturity. This new transaction follows the inaugural transaction in EUR with an 8 year maturity and a volume of EUR 1 billion in October 2016, and the inaugural issue in USD with a volume of USD 1 billion […]

This transaction is part of the EUR 6 billion issuance program for 2017 of Caisse Française de Financement Local (CAFFIL), which is almost entirely completed with an average maturity of more than 11 years in line with asset-liability profile. CAFFIL has chosen a long maturity for its new public offering after the 10-year transaction issued in […]

These orders are for five cruise ships, two for MSC Cruises for which the financing was signed in April 2017, and three for Royal Caribbean Cruises Limited for which the financing was just signed in July 2017.

SFIL successfully launched its first USD transaction with a 3-year maturity and a volume of USD 1 billion.

Caisse Française de Financement Local (CAFFIL) executed today its second public covered bond issue of the year with a benchmark size (after a 10 year issue in January for EUR 1.5 billion). For this transaction, the subsidiary of the French State owned development bank SFIL has chosen to simultaneously offer two new bond issues with […]

Fully operational and profitable since mid 2015, SFIL has posted six quarters of positive current income, demonstrating the strength of its model. The three missions assigned to SFIL by the French State (its reference shareholder) upon its creation in February 2013, – financing the French local public sector, to ensure the success of the program […]

SFIL, the public development bank, has signed the refinancing of an export credit for the extension of a gas-fired power plant by General Electric France in Tunisia. SFIL’s participation will represent 95% of the export credit amount.

Caisse Française de Financement Local (CAFFIL) today executed the fourth public benchmark transaction of the year 2016. Investor demand for the transaction was strong and well diversified, paving the way for a quick execution following the announcement of the deal in the morning. The long maturity is in line with the profile of CAFFIL, providing […]

SFIL, the French local public sector and export financing agency, has today launched its inaugural bond transaction with a maturity of 8 years and a volume of EUR 1 billion. Strong and well diversified demand for this inaugural bond issue reflects the public development bank status of SFIL, the classification as Level 1 debt for […]

SFIL, the public development bank, has finalized its participation in the financing of two cruise ships built by STX France for the US cruise line company RCCL. SFIL’s participation will represent nearly half of the €1.3 billion export credit provided by the banking pool. This operation is the first transaction completed by SFIL under its […]

To launch its third public offering of the year, Caisse Française de Financement Local (CAFFIL) today seized one of the last remaining market windows ahead of the UK referendum. Demand for the new covered bond issue was well diversified, with investor interest driven by the choice of a maturity not frequently used, offering an attractive […]

Caisse Française de Financement Local (CAFFIL) has today executed its first public covered bond transaction of the year, consisting of two tranches in benchmark size offering maturities of 6 and 15 years with a total volume of EUR 1.5 billion.

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Caisse Française de Financement Local (CAFFIL) launched today its 4th covered bond public issue of the year, with a benchmark size and a spread of 5 basis points above the swap curve.2015-10-13_CP_CAFFIL_GB-1

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Caisse Française de Financement Local (CAFFIL) has today, September 2nd 2015, launched a new public Obligations Foncières (covered bond) transaction at an efficient cost with a spread of 5.5 bps below the OAT curve. Download our press release

Caisse Française de Financement Local (CAFFIL) has today, September 2nd 2015, launched a new public Obligations Foncières (covered bond) transaction at an efficient cost with a spread of 5.5 bps below the OAT curve. Download our press release

The European Commission announced today that it authorizes the public bank SFIL and its subsidiary CAFFIL to extend their scope of activities to the refinancing of large export credits. This new mission entrusted to SFIL by the French state consists in refinancing credits-buyers contracts insured by Coface. SFIL will thus contribute to improve export competitiveness of companies established in […]

The European Commission announced today that it authorizes the public bank SFIL and its subsidiary CAFFIL to extend their scope of activities to the refinancing of large export credits. This new mission entrusted to SFIL by the French state consists in refinancing credits-buyers contracts insured by Coface. SFIL will thus contribute to improve export competitiveness of companies established in […]

Second public issue in 2015 by CAFFIL, Caisse Française de Financement Local with a maturity of eight years and an amount of EUR 1,0 billion Download our press release (French version)

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Very successful new public issue for Caisse Française de Financement Local Download our press release sept 2014

Download our press release sept 2014

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