CFF and Caffil smash Euribor barrier with staggering demand

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CFF and Caffil smash Euribor barrier with staggering demand

The covered bond market passed another milestone this week with Caisse Française de Financement Local (Caffil) and Compagnie de Financement Foncier (CFF) attracting book sizes that were reminiscent of the high yielding peripheral transactions seen a year ago, but at spreads well through mid-swaps.

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