C’est magnifique – CFF offers presidential premium on €500m private covered bond

26 Apr 2012

Compagnie de Financement Foncier (CFF) sold the largest non-self led medium term note by a French bank since October 2011 as it snuck out a deal before the French presidential elections.

Investors were keen on the premium paid over OATs when the €500m note was sold on April 18, before the first round of elections on April 22, said a banker.

"It was privately placed to a very restricted club of European insurance companies," said an MTN trader close to ...

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