CIFD planning to launch public RMBS platform after placing first-ever private STS deal

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CIFD planning to launch public RMBS platform after placing first-ever private STS deal

French platform
F344YA statues outside the Musee d'Orsay, Paris, France | Alamy Stock Photo

Crédit Immobilier de France Développement (CIFD) closed a private €1.1bn RMBS on March 21, its debut securitization of French home loans, and the first mortgage-backed deal to qualify for the ‘simple, transparent and standardised’ regulatory framework. It plans to follow the issue with the launch of a public RMBS shelf.

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