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Thursday, May 24, 2012
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CFF To Price EUR2 Billion 2015 Covered Bond At Swaps +0.95

10/02/2012 07:44 (104 Day 08:56 minutes ago)

The FINANCIAL -- Compagnie de Financement Foncier, or CFF, the covered-bond issuing unit of French mortgage lender Credit Foncier de France SA, is to price its EUR2 billion covered bond, maturing August 2015, at 95 basis points over midswaps, one of the banks running the deal said Friday.

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Accordingt o London Stock Exchange, this is at the tighter end of revised guidance after books opened at 105-110 basis points.

Citigroup Inc., LBBW, Natixis, Nomura and Royal Bank of Scotland Group PLC are the lead managers of the sale. The bond is expected to be rated triple-A by the three major ratings companies.

 

 

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