Sfil group has successfully launched its third issue of year 2024 for an amount of €500m and a maturity of 12 years. This social bond issued under covered bond format Caffil will finance investments by French public hospitals.
The transaction encountered very strong demand, with a total of 89 investors participating and an order book of EUR2.9bn (oversubscription rate of x5.8). This represents one of the largest order books for a long-term covered bond issue in 2024.
The placement of this issue is solid and very qualitative, with 66% of the transaction allocated to investors with a strong commitment to responsible investment.
To date, Sfil group has issued 6 public transactions as part of its Social Note Framework dedicated to the financing French public hospitals for a total of EUR 4.25bn.
This transaction is the Sfil group's 11th thematic issue since 2019, bringing total thematic outstandings issued to EUR 7.5bn and emphasizing the group's commitment to be a regular issuer in the green, social and sustainable bond market.
With this issue, Sfil group's financing program for 2024 is now over one-third complete.
This transaction is Sfil group's sixth social bond in support of public hospitals in
France, for a total of over EUR 4 billion, financed under the best possible conditions.
As a public development bank, we are proud of the contribution we make to financing public hospitals in support of the women and men who work every day for the well-being of our fellow citizens.
Philippe Mills, Chief Executive Officer of Sfil and Chairman of the Supervisory Board of Caffil
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