2166Very solid demand for the new public issue of CAFFIL, a EUR 500 million 20-year covered bond

Very solid demand for the new public issue of CAFFIL, a EUR 500 million 20-year covered bond

  • Very solid demand for the new public issue of CAFFIL, a EUR 500 million 20-year covered bond

    Posted 20 June, 2018 | Category : Investor updates, News, Press releases.

    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.