Paris, June 18, 2013
Press Release
Caisse Française de Financement Local
announces investor roadshow scheduled to begin June 24, 2013
In keeping with the announced calendar, Caisse Française de Financement Local (Caffil) will kick off an investor roadshow on June 24, 2013, prior to the launch of its inaugural bond issue.
Caisse Française de Financement Local has mandated five banks to prepare an inaugural bond issue of benchmark size, which will mainly be placed with European institutional investors. This transaction will take place within the framework of its EMTN program being currently reviewed by AMF, the French regulator.
This project results from the implementation of the State owned structure introduced as of February 1, 2013, by the French State, in partnership with Caisse des Dépôts and La Banque Postale. In particular, it will allow local authorities and public hospitals to benefit from optimum financing conditions for the loans marketed by La Banque Postale.
The launch of this roadshow follows the recent government announcements relating to the treatment of structured loans (*) and occurs after the publication by Caffil of its financial statements for the first quarter of 2013 (**).
"The roadshow we are organizing occurs at a time when the covered bond market is strong. This inaugural issue of benchmark size, with a maturity corresponding to our refinancing needs, will enable Caisse Française de Financement Local to ensure refinancing for loans to French local authorities and public hospitals in excellent conditions. This confirms the pertinence and performance of the new set-up that has been introduced," according to Philippe Mills, Chairman and CEO of Société de Financement Local (Sfil).
(*) Available at http://www.economie.gouv.fr/presse
(**) Available at www.caissefrancaisedefinancementlocal.fr
| Investor relations: Jérôme Gyss - jerome.gyss@sfil.fr Ralf Berninger - ralf.berninger@sfil.fr | Press office: Christine Lair - + 33 (0)1 71 02 96 26 christine.lair@sfil.fr |
