Caffil social bond framework

Author: hgbr

August undefined, 2024

WebApr 28, 2024 · Caisse Française de Financement Local (Caffil) has launched the first negative yielding covered bond since the onset of the coronavirus crisis in Europe, after linking the use of proceeds from... WebOct 14, 2024 · The green framework is distinct from SFIL’s Social Note Framework , from which Caffil issued its first social covered bond in February this year . The green framework was designed by SFIL in ...

Caffil to issue first green public sector covered bond

WebJan 28, 2024 · “Our social bond programme will contribute to financing these investments.” Caffil expects to issue between €4bn and €5bn this year and kickstarted its funding … WebDec 13, 2024 · The bond has an external assessment by Sustainalytics and is the first to be issued under SFIL’s Social Note Framework of September 2024, which will fund €400m … pete the cat freeze dance

Caffil healthcare social bond due, ahead of green, SFIL options

WebThe €1 billion ($1.13 billion) transaction was the first sustainable covered bond to be issued by a French issuer. It has a coupon of 0.5% and a tenor of eight years, maturing on 19 … WebThis is the third social bond from CAFFILL, the covered bond subsidiary of the French public development bank SFIL (formerly Société de Financement Local) since it set up its … WebThis Social Bond Framework aligns with International Capital Market Association (ICMA) Social Bond Principles. The Social Bond Principles are voluntary process guidelines for best practices when issuing Social Bonds. The Social Bond Principles recommend transparency and disclosure and promote integrity in the bond market. pete the cat get to bed

SFIL and Caffil plot debut green bonds - globalcapital.com

THE FRENCH AGENCY SUPPORTING LOCAL INVESTMENT …

WebThe notes placed by Caffil in May were the first social cov-ered bonds related to Covid-19 from the French underwriter, a subsidiary of the public development bank SFIL. This bank, together with its partner La Banque Postale, is market leader in municipal lending in France. The proceeds of the bond, which was several times oversubscribed, were ear- Web3. SFIL Group Social Note Framework Social Bonds, as defined in this Social Note Framework, may be covered bonds (obligations foncières) issued by CAFFIL or bonds issued by SFIL: • Social covered bonds (obligations foncières) issued by CAFFIL will be used to refinance or finance the Eligible Health Loan Portfolio as defined in 3.1. starting a hedge fund with friendsWebApr 28, 2024 · The bond was issued using Caffil's already-established social bond framework, under which all proceeds are used to finance and refinance loans to French public hospitals originated by the public development bank SFIL, Caffil's parent. SFIL said it expects a large share of this year's lending to public hospitals to be directly Covid-19 … starting a hedge fund with 1 million

"WebMar 22, 2024 · A EUR 1 billion inaugural social bond benchmark was issued in February 2024 under covered bond format by CAFFIL; … " - Caffil social bond framework

Caffil social bond framework

WebFor the third year in a row, after winning in 2024 and 2024, Caisse Française de Financement Local (CAFFIL) won the title of best asset-backed/asset-based/covered social bond, for its €750 million ($822.8 million) healthcare issue to finance public hospitals. WebCAFFIL’s intention to apply the proceeds of the subscription of the Green Bonds to the Eligible Green Loans. For the avoidance of doubt, references to Green Bonds herein …

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WebSOCIAL BOND FRAMEWORK Morgan Stanley’s Framework is aligned to the Social Bond Principles (“SBP”) 2024, as administered by the International Capital Market Association, and addresses the following key pillars, in line with the SBP: 1. Use of Proceeds 2. Process for Project Evaluation and Selection 3. Management of Proceeds 4. Reporting 5. WebKHFC engaged Sustainalytics to review the KHFC Social Covered Bond Framework and provide a second-party opinion on the alignment of the Framework with the Social Bond Principles 2024 (the “SBP 2024”), as administered by the International Capital Market Association (the “ICMA”),2 and the Framework’s social credentials.

WebFeb 7, 2024 · Caisse Française de Financement Local (Caffil) announced the mandate for its inaugural social bond two weeks ago, after the SFIL group’s framework was … WebCAFFIL’s intention to apply the proceeds of the subscription of the Green Bonds to the Eligible Green Loans. For the avoidance of doubt, references to Green Bonds herein should be construed as any securities to be issued by SFIL or CAFFIL in line and in accordance with the Green Bond Framework.

WebSFIL Group engaged Sustainalytics to review the SFIL Group Green Bond Framework dated September 2024 and provide a second-party opinion on the Framework’s environmental credentials and its alignment with the Green Bond Principles 2024 (GBP)1 and the Green Loan Principles 2024 (GLP).2 This Framework has been published in a … WebOct 14, 2024 · The ‘Prime’ corporate responsibility rating by Oekom for covered bonds issuance by CAFFIL reﬂects the corporate responsibility of SFIL Group. In addition, IMUG has provided a ‘Positive BBB’ rating to covered bonds issued by CAFFIL. Corporate responsibility Green_Bond_Framework_October_2024 Download Last update …

WebDec 13, 2024 · The bond has an external assessment by Sustainalytics and is the first to be issued under SFIL’s Social Note Framework of September 2024, which will fund €400m of hospital lending per year. Caffil also issued its first benchmark €750m 10-year covered green bond in November, and plans to issue one or two social or green deals per year.

WebCAFFIL won Asset-backed/asset-based/covered social bond of the yearin last year's bond awards. Deal highlights: Issuer:CAFFIL Size:€750 million ($806 million) Maturity:16 November 2027 Coupon:3.125% Use of proceeds:Green investments by the French local public sector External reviewer:Sustainalytics starting a herb garden from scratchWebThe €1 billion ($1.13 billion) transaction was the first sustainable covered bond to be issued by a French issuer. It has a coupon of 0.5% and a tenor of eight years, maturing on 19 February 2027. The proceeds of the bond were earmarked to be loaned to public hospitals in France, making it the first social issue in Europe dedicated ... starting a hgv business ukWebDec 13, 2024 · The social angle of Caffil’s deal brought extra demand and one of its biggest books for a single-tranche covered bond. The deal exceeded its €1bn target in 25 minutes and gathered a final book of more than €2.6bn from 110 institutions, a third of which were sustainable investors. pete the cat give it your all songWebApr 17, 2024 · Last month, Caffil sold its debut social bond with a €1bn trade that attracted orders of over €2.6bn from 110 investors. It became the first French issuer to sell a social covered bond. starting a hemp farmWebFeb 18, 2024 · The French covered bond market ranked second globally in 2024, with over €311 billion of outstanding bonds at year-end. Benchmark covered bond issuance in … starting a herb garden in potsWebApr 17, 2024 · Last month, Caffil sold its debut social bond with a €1bn trade that attracted orders of over €2.6bn from 110 investors. It became the first French issuer to sell a … starting a herringbone patternWebJul 10, 2024 · A social bond is probably the most suitable type of bond to mitigate the pandemic’s social consequences, by financing SMEs and healthcare, for example — which are eligible assets categories... pete the cat goes marching