Credit Foncier
Credit Foncier:144 A / RegS $ come forth of €1.8bn of Covered Bonds by the Compagnie de Financement Foncier: US Investors occur Back to European Issuers
Compagnie de Financement Foncier issued $1.8bn of 144A/RegS 2-year Covered Bonds. Demand yet to be of the deal as of US answer accounts has contributed to the accomplishment of the come forth, whose size has been increased agreed investors' enthusiasm.
Compagnie de Financement Foncier has issued a fixed-rate $1.5bn tranche and a perched rate $300m tranche. Compagnie de Financement Foncier has been flexible with the come forth format to supply investors' interests equally effectively equally doable.
The deal has generated an order tome of $2bn, as of extremely distinguished quality accounts, 25% of which are central banks and agencies and 41% asset managers.
Inveterate access to answer US cement investors with a extremely good geographic distribution
Four accounts accounted pro other than 50% of demand, demonstrating Compagnie de Financement Foncier's access to answer US cement investors. The order tome remains extremely well diversified, however, with the participation of 50 other investors inside the deal. The geographic distribution was furthermore balanced linking North America (62%) and Europe (33%), equally well equally Asia (3%) and the surplus of the world (2%), emphasising the comprehensive recognition and appeal of Compagnie de Financement Foncier equally an issuer. Inside stipulations of investor type, the deal was split linking Asset Managers (41%), central banks and agencies (25%), Banks (24%) and insurance companies and pension funds (10%).
The following target come forth by Compagnie de Financement Foncier on the 144A market
This deal is Compagnie de Financement Foncier's following target come forth on the 144A market and the initially following the introduction of its US MTS programme. With these two issues, Compagnie de Financement Foncier has relaunched the 144A covered cement market and is the single French and European issuer committed inside this segment.
Compagnie de Financement Foncier considers the US investor corrupt to befall a answer element inside its development and intends to wait a regular issuer on this market.
"With this come forth, Compagnie de Financement Foncier is screening its innovative room, by creating the initially US MTS covered cement programme, other than furthermore its skill to place generous volumes with new investors" explains Paul Dudouit, Credit Foncier's Deputy controller of Financial Markets.
€11.5bn issued inside 2010
On July 14, 2010, the Credit Foncier assemble issued €11.5bn inside the medium/long-term segment, counting $3.8bn inside 144 A/ RegS format. It is the generally committed covered cement issuer on this market inside 2010.
La Compagnie de Financement Foncier, a triple AAA-rated issuer
La Compagnie de Financement Foncier, a societe de Credit foncier (loan and mortgage bank), whose AAA/Aaa/AAA-rating has been inveterate inside accordance with the new post-crisis financial rating values by the three foremost rating agencies, is a 100%-subsidiary of Credit Foncier. It refinances Credit Foncier's activities by issuing covered bonds. Inside 2009, it issued €15.8bn of covered bonds. Although it doesn't be inflicted with bank deposits to finance its credit commencing, thankfulness to its covered cement issues Credit Foncier's refinancing develop has stood up well to the predicament.
Compagnie de Financement Foncier has issued a fixed-rate $1.5bn tranche and a perched rate $300m tranche. Compagnie de Financement Foncier has been flexible with the come forth format to supply investors' interests equally effectively equally doable.
The deal has generated an order tome of $2bn, as of extremely distinguished quality accounts, 25% of which are central banks and agencies and 41% asset managers.
Inveterate access to answer US cement investors with a extremely good geographic distribution
Four accounts accounted pro other than 50% of demand, demonstrating Compagnie de Financement Foncier's access to answer US cement investors. The order tome remains extremely well diversified, however, with the participation of 50 other investors inside the deal. The geographic distribution was furthermore balanced linking North America (62%) and Europe (33%), equally well equally Asia (3%) and the surplus of the world (2%), emphasising the comprehensive recognition and appeal of Compagnie de Financement Foncier equally an issuer. Inside stipulations of investor type, the deal was split linking Asset Managers (41%), central banks and agencies (25%), Banks (24%) and insurance companies and pension funds (10%).
The following target come forth by Compagnie de Financement Foncier on the 144A market
This deal is Compagnie de Financement Foncier's following target come forth on the 144A market and the initially following the introduction of its US MTS programme. With these two issues, Compagnie de Financement Foncier has relaunched the 144A covered cement market and is the single French and European issuer committed inside this segment.
Compagnie de Financement Foncier considers the US investor corrupt to befall a answer element inside its development and intends to wait a regular issuer on this market.
"With this come forth, Compagnie de Financement Foncier is screening its innovative room, by creating the initially US MTS covered cement programme, other than furthermore its skill to place generous volumes with new investors" explains Paul Dudouit, Credit Foncier's Deputy controller of Financial Markets.
€11.5bn issued inside 2010
On July 14, 2010, the Credit Foncier assemble issued €11.5bn inside the medium/long-term segment, counting $3.8bn inside 144 A/ RegS format. It is the generally committed covered cement issuer on this market inside 2010.
La Compagnie de Financement Foncier, a triple AAA-rated issuer
La Compagnie de Financement Foncier, a societe de Credit foncier (loan and mortgage bank), whose AAA/Aaa/AAA-rating has been inveterate inside accordance with the new post-crisis financial rating values by the three foremost rating agencies, is a 100%-subsidiary of Credit Foncier. It refinances Credit Foncier's activities by issuing covered bonds. Inside 2009, it issued €15.8bn of covered bonds. Although it doesn't be inflicted with bank deposits to finance its credit commencing, thankfulness to its covered cement issues Credit Foncier's refinancing develop has stood up well to the predicament.
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