Compagnie de Financement Foncier is a credit institution company approved as a specialised credit institution and a société de crédit foncier (a french legal covered bonds issuer).
A wholly-owned subsidiary of Crédit Foncier [A (negative outlook) / A1 (stable outlook) / A + (negative watch) / AA- (stable outlook)], affiliated to BPCE [A + (negative outlook) / A1 (stable outlook) / A + (stable outlook)], its mission consists in refinancing the lending activity to the public sector and similar entities of Groupe BPCE entities, by issuing Obligations Foncières.
Compagnie de Financement Foncier’s obligations foncières, rated [AAA(stable)/Aaa(stable)/AAA(stable)] , are French legal covered bonds that comply with European directives UCITS 52-4 and CRD as well as with Article 129 of the European Capital Requirements Regulation (CRR) .
All obligations foncières of Compagnie de Financement Foncier are eligible for the European Central Bank (ECB) refinancing operations except for some private placements and issues in foreign currencies.
Since 2012, Compagnie de Financement Foncier is a member of the ECBC (European Covered Bond Council) Covered Bond Label.
As part of the new groupe Crédit Foncier structure set up on April 1, 2019, Crédit Foncier is focusing its efforts on the management of outstanding loans that will continue to be refinanced by Compagnie de Financement Foncier.
In addition, Compagnie de Financement Foncier’s mission is to refinance Groupe BPCE entities’ lending, notably to the Public sector and similar, via the issue of obligations foncières.