bannière Caffil

characteristics of issues

characteristics of issues

All issues are obligations foncières and other debts which benefit from the legal privilege according to the legislation(article L.513-11), rated.

  • AA Outlook stable by Fitch,
  • Aaa by Moody’s,
  • AA+ Outlook stable by Standard & Poor’s,
  • AAA by DBRS.
    The ratings are confirmed before the beginning of the issues.
  • Issues are public or private
  • obligations foncières authorize:
  • any amount,
  • all currencies : EUR, USD, JPY, CHF, GBP, etc…
  • all structures: fixed rate, variable rate, zero coupon, dual currency, index-linked, step up, etc…
  • Some issues in euro are eligible to the European Central Bank (ECB).
The list of these issues is available online on the website of the ECB
  • obligations foncières can be issued in the following forms:
  • EMTN program,
  • stand alone,
  • Australian domestic program.
  • New issues of Caisse Française de Financement Local are directly fungible with existing tranches.