Resounding success of SFIL’s first social bond issue
19 February, 2019
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 a French issuer.
Successful first covered bond benchmark transaction of the year for CAFFIL
8 January, 2019
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 government has entered into discussions with Caisse des Dépôts (CDC) regarding the transfer of control of SFIL to CDC
15 November, 2018
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.
A new rating agency for SFIL and its subsidiary Caisse Française de Financement Local (CAFFIL): the rating agency DBRS has awarded a AA (high) rating to SFIL and a AAA rating to covered bonds issued by CAFFIL
10 September, 2018
Very solid demand for the new public issue of CAFFIL, a EUR 500 million 20-year covered bond
20 June, 2018
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 local governments and public hospitals as well as its refinancing loans for large French export contracts.
Full success for the second USD transaction by SFIL
8 June, 2018
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.
2017 full-year results reflect SFIL’s success and confirm the relevance of its model
24 April, 2018
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 the strength and pertinence of the group’s public development bank model, a specific model which is now recognized by the public authorities.
Successful new CAFFIL 10-year transaction
18 April, 2018
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.
Successful first bond issue of the year for SFIL with a volume of EUR 1 billion
31 January, 2018
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.
Very good start to the year for SFIL Group with a EUR 1.5 billion dual tranche bond transaction by CAFFIL
10 January, 2018
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.