CFF breaks with past, attracting largest book
Compagnie de Financement Foncier would have had to pay a 20bp new issue premium a few weeks ago but, in its most recent deal, it paid no premium whatsoever. Moreover, the deal attracted the largest book of any French benchmark, which has ensured a strong performance. Though in hindsight it could have probably priced tighter, it would not have earned much needed kudos for taking the last cent off the table.
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