CAFFIL, Caisse Française de Financement Local, is a covered bond issuer whose portfolio of assets only comprises loans granted to public sector entities. It is fully owned by SFIL, a French state-owned development bank.
Caisse Française de Financement Local (also referred to as CAFFIL) is a French specialized credit institution (société de crédit foncier). Its sole business is the refinancing of credits to public sector entities through the issue of covered bonds, called obligations foncières.
Since it was set up in February 2013, CAFFIL is in charge of financing credits to French local authorities granted by La Banque Postale. Since 2016, CAFFIL also refinances credits for large French export contracts, which benefits from the irrevocable and unconditional 100% guarantee of the French State.
May 30 2017
Financial communication - Publication of the quarterly activity report as of March 31, 2017
May 15 2017
Financial communication - Publication of the Covered bond label report as of March 31, 2017
May 15 2017
Financial communication - Publication of the Report on asset quality as of March 31, 2017
May 4 2017
Very high demand for CAFFIL's new public issue with a EUR 1.75 billion dual tranche transaction
- Cover pool EUR 57.3 billion of which 72.1% eligible to BCE
- Privileged liabilities EUR 51.1 billion
- Over-collateralization ratio (nominal) 112.1%
- Total balance sheet EUR 75.1 billion
- Non-performing loans 1.0%