This issue was met with particularly high demand with the participation of 150 investors in total. The order book reached an amount of 5 billion euros for an oversubscription rate of x4, testifying to the solidity of the recognition of the Caffil signature.
This transaction was priced at 69 basis points above the swap curve, equivalent to -8 basis points compared to the OAT.
This first issue opens the 2025 financing program of the Sfil group, which plans to issue between 8 and 10.5 billion euros in total:
- Between 2.5 and 4 billion euros expected by Sfil on the SSA market,
- Between 5.5 and 6.5 billion euros planned by Caffil via covered bond issues,
- At least one green issue and one social bond in 2025.
“We are very pleased with the reception given by the market to our first covered bond issue of the year. The quality of the order book and investor mobilization demonstrates confidence in Caffil’s credit strength and in our role as a leading European issuer of covered bonds. We sincerely thank our investors for their continued trust and support. » indicates Philippe Mills, Managing Director of Sfil and Chairman of the Supervisory Board of Caffil.
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