CIFD mulls RMBS changes after second 2020 deal

By Tom Brown
22 Sep 2020

Crédit Immobilier de France (CIFD) has mandated BNP Paribas and Crédit Agricole for its second RMBS deal of the year, Harmony French Home Loans FCT 2020-2, with plans to publicly place two triple-A rated tranches into the market. The issuer is also considering cutting its annual issuance to a single large deal per year, as well as splitting its syndication between prime and buy-to-let issuance.

CIFD priced its first public deal in October 2019 after becoming the first ever issuer to achieve a private designation from the ‘simple, transparent and standardised’ (STS) regulatory framework.

Now, the issuer is considering moving away from the STS label for at least part of its ...

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