Caffil stands out with first French 15 year
France’s Caisse Française De Financement Local (Caffil) returned to the market for the second time this year to issue a 15 year euro deal — the fourth in that tenor of 2013 but the first from France. It offered a modest premium to the French curve and, being sufficiently different from a host of other covered bonds out at the same time, it was well received.
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