2026
Sfil Group has successfully launched its sixth public issuance of the year and its second issuance of 2026 on the SSA market. Amounting to EUR 1 billion with a short 7-year maturity, this transaction contributes to strengthening the liquidity and attractiveness of Sfil curve.
This issuance generated strong demand from investors, with the order book reaching EUR 2.25 billion. A total of 55 investors participated in the issuance, highlighting the market’s interest in the Sfil signature.
This transaction saw record participation from central banks and official institutions, accounting for 42% of the allocation—the highest level ever achieved for a euro-denominated issuance by Sfil.
With this sixth transaction of the year, Sfil Group has already completed nearly 80% of its 2026 funding program.
| Transaction details Sfil – EUR bond EUR 1 billion / Maturity : March 7th 2033 Coupon : 3.5% Spread : mid-swaps +61 bp / OAT +18 bp Bookrunners: : Citibank, Crédit Agricole CIB, HSBC, La Banque Postale, Morgan Stanley, Société Générale CIB | |||
| Geographic distribution: 22% – Asia 16% – Nordics 16% – France 15% – United-Kingdom / Ireland 12% – Middle-East / Africa 9% – Benelux 3% – Germany / Austria 3% – Iberian Peninsula 2% – Central Europe 2% – Italy | Distribution by investor type: 42% – Central banks and Official institutions 37% – Investment Managers 21% – Banks | ||
The yield on this transaction stands at 61 basis points above the swap curve, corresponding to a spread of 18 basis points above the OAT.
“ The strong demand and the quality of the investor base demonstrate the attractiveness of our signature in the bond market. I would like to thank our investors for their renewed trust. Their commitment is a key factor in the consistency and success of Sfil Group’s issuances. ”
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Philippe Mills
CEO of Sfil and Chairman
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