2026
Great success for Sfil Group’s fourth public issuance of the year
- Investor Alert
Sfil Group has successfully launched its fourth transaction of the year, making its third issuance under covered bond format via Caffil. This transaction stands out with a volume of EUR 1 billion and a long six-year maturity.
Despite highly volatile market conditions, the issuance generated robust demand, with the order book reaching EUR 1.9 billion. A total of 60 investors participated in this transaction, reflecting a diverse base both in terms of investor profiles and geographical distribution.
| Transaction details Caffil – Covered Bonds EUR 1 billion / Maturity : November 24th 2032 Coupon : 3.25% Spread : mid-swaps +40 bp / OAT +2 bp Bookrunners: Barclays, Commerzbank, Deutsche Bank, Natixis, NatWest | |||
| Geographic distribution: 35% – Germany / Austria 20% – Italy 16% – Nordics 13% – France 9% – Benelux 3% – Iberian Peninsula 3% – Switzerland 1% – United-Kingdom | Distribution by investor type: 73% – Banks 14% – Central banks and Official institutions 10% – Investment Managers 3% – Insurance | ||
The yield for this transaction is 40 basis points above the swap curve, corresponding to a spread of 2 basis points above the OAT.
“ I would like to thank all investors for their renewed trust in this new issuance. Their support highlights the market’s sustained interest in Sfil Group and the Caffil signature, further strengthening our ability to continue financing the real economy over the long term. ”
Philippe Mills
CEO of Sfil and Chairman of the Supervisory Board of Caffil
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