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.
14 February 2019
CAFFIL has just won the prize « Best Covered Bond Private Placement » awarded by mtn-i.
13 February 2019
Communication financière – Grand succès de la première émission sociale de CAFFIL, exclusivement dédiée au financement des hôpitaux publics
11 February 2019
Financial Communication – Publication of the Report on asset quality as of December 31, 2018
7 February 2019
Caisse Française de Financement Local publishes its harmonised European Covered Bond Label report as of December 31, 2018
- Cover Pool EUR 56.4 billion of which 72.0% eligible to ECB
- Obligations foncières EUR 50.0 billion
- Regulatory Over-collateralization ratio 111.7%