Covered Bonds, an asset class to which “Obligations Foncières” issued by Compagnie de Financement Foncier belong, is growing by leaps and bounds.
Current market conditions and the advantage of the asset class continue to raise the interest of international investors.
Euromoney launched an inaugural conference dedicated to this product in New York on March 6th of this year.
Numerous European issuers were present to familiarise the audience with this new product and to respond to the questions of the American investors looking for new investment diversification opportunities, offering both profitability and safety.
The differences between various Covered Bond, or « Obligations sécurisées », formats as well as the latest trends on this market that is undergoing rapid expansion were evoked in the different sessions.
With more than 50% market share in 2006, Compagnie de Financement Foncier, the leading French issuer of Obligations Foncières sponsored the event and Christophe Frankel, Director of Financial Markets addressed the audience in one of the panels.
This event provided numerous networking activities via the book stand as well as during investor meetings organised with the investors present at this inaugural Covered Bond conference for the US market.
