Caffil prices third social covered bond through curve

By Bill Thornhill
19 Apr 2021

Caisse Française de Financement Local (Caffil) issued its third social covered bond on Monday at a slight premium to where its normal deals would have been expected to price.

Caffil opened order books on Monday for an eight year public sector Obligations Foncières with initial guidance of 2bp over mid-swaps; within two hours it had attracted demand of over €1bn.

After almost three and a half hours a €750m deal was announced at 2bp through ...

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