These are the details of the selected bond:
- Issuer: Caisse Francaise de Financement Local
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (DBRS)
- Amount: EUR1,000m
- Maturity date: 3 March 2034
- Re-offer price: 99.776
- Coupon: 3.00%
- Swap spread: 40bp
- Government spread: 44.5bp
- Pricing date: 20 February 2026
- Settlement date: 3 March 2026
- Bookrunners: BNP Paribas, Credit Agricole, JP Morgan, La Banque Postale, LBBW, SG
- Country: France
- ISIN: FR0014016LD1
- Collateral type: Public
- The CBR bond ID: 3324
- Green, social, sustainability description: Social
- Notes: Final book above EUR1.9bn (inc. EUR360m JLMs) with 70 accounts. Banks 70%, investment managers 16%, central banks/official institutions 8%, insurance companies 6%. Germany/Austria 25%, France 23%, Italy 19%, UK 18%, Benelux 5%, Iberian Peninsula 3%, Asia 3%, Nordics 2%, others 2%.
