2166Very high demand for CAFFIL’s new public issue with a EUR 1.75 billion dual tranche transaction

Very high demand for CAFFIL’s new public issue with a EUR 1.75 billion dual tranche transaction

  • Very high demand for CAFFIL’s new public issue with a EUR 1.75 billion dual tranche transaction

    Posted 3 May, 2017 | Category : Press releases.

    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 different maturities (7 and 15 years), corresponding to its asset-liability matching requirements, and meeting the needs of a diverse investor base.

    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 different maturities (7 and 15 years), corresponding to its asset-liability matching requirements, and meeting the needs of a diverse investor base.

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