Compagnie de Financement Foncier got the second quarter off to a very positive start on Tuesday, executing a $1bn two year Eurobond.
In accordance with the interest rate and currency management policy, the deal was entirely swapped versus Euribor.
Central banks dominated the allocation with 75% of the deal, fund managers took up 16%, pension funds 7% and banks 2%. The demand came in majority from Asian accounts for 36%, from Middle East 14%, the Nordic region 10%, Eastern Europe 13%, US offshore accounts, Germany 2%, Switzerland 1% and the rest of the world 12%.
Article IFR-2 April 2008
