Among our activities: refinancing of loans to the local public sector, initiated by La Banque Postale.
The refinancing of loans to the local public sector initiated by La Banque Postale is entrusted to Caisse Française de Financement Local (Caffil), a subsidiary of Société de Financement Local.
Caisse Française de Financement Local is a credit institution, duly authorized as a Société de Crédit Foncier. This vehicle created to issue covered bonds (obligations foncières) seeks to provide local authorities and public healthcare facilities in France with optimum financing conditions thanks to a first-tier rating and exceptional risk control.
In 5 years, SFIL and its subsidiary CAFFIL have raised more than EUR 31 billion in long-term funding – of which EUR 8 billion in 2017. More than 450 different investors subscribed to the group’s 20 public issues, with very long maturities (almost half of the issues being longer than 10 years) and at a very attractive cost