Caffil to issue social covered bond private placements

By Bill Thornhill
22 Jan 2021

Caffil plans to issue privately placed covered bonds from its social framework, which secures financing for French hospitals. The longer maturities on offer will diversify from those targeted in its benchmark deals and more closely match its loan liabilities, as well as fulfilling investor needs.

Caffil has two good reasons to issue private placements under its social covered bond framework, according to Ralf Berninger, who is head of investor relations and sustainability at Caffil’s parent SFIL. 

The first is that investors have shown an interest in the product and the second is that private ...

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