Caisse Française de Financement Local €500 million bond issue

Overview:

• Caisse Française de Financement Local, a fully owned subsidiary of SFIL dedicated to issuing covered bonds, offered its first issue of 2016. 
• The €500 million bond was issued at a coupon of 1.5% and matures in 2031. 
• The institution also simultaneously issued a further €1 billion 0.5% bond due 2022, the first time it had released two covered bonds with differing maturities in tandem. 

John Crabb - Journalist