CFF takes size with first covered outing of 2021

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CFF takes size with first covered outing of 2021

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B69KHB Two piggy banks | Alamy Stock Photo

Compagnie de Financement Foncier took advantage of Tuesday’s strong market conditions to issue its first covered bond of 2021, and the fifth from Groupe BPCE. The €1.5bn eight year negative yielding transaction, which was larger than expected, partially refinances a series of CFF’s redemptions coming up in the next two months.

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