{"id":5550,"date":"2025-01-23T14:24:34","date_gmt":"2025-01-23T13:24:34","guid":{"rendered":"https:\/\/foncier.fr\/?p=5550"},"modified":"2025-01-23T14:24:34","modified_gmt":"2025-01-23T13:24:34","slug":"cieff-issues-in-chf-in-dual-tranche-format-5-years-and-9-years","status":"publish","type":"post","link":"https:\/\/foncier.fr\/en\/cieff-issues-in-chf-in-dual-tranche-format-5-years-and-9-years\/","title":{"rendered":"CieFF issues in CHF in dual tranche format: 5 years and 9 years!"},"content":{"rendered":"<p>Compagnie de Financement Foncier (Bloomberg Ticker: CFF) has completed its first Covered Bond issue of the year, with a 5-year\/9-year dual tranche issue of 200 million Swiss francs in total, divided into 100 million CHF for each tranche. This overall size is significant on the CHF, a currency on which the depth and therefore the volumes that can be raised are much more modest than on the \u20acuro.<\/p>\n<p>This transaction is interesting for two reasons:<\/p>\n<ul>\n<li>issuing in a dual tranche made it possible on the one hand to satisfy two pockets of complementary demand, and therefore to raise a higher amount than on a single 7-year tranche and on the other hand to ultimately have a refinancing cost on an average duration of 7 years better than on a single tranche of this maturity,<\/li>\n<li>this is the first Covered Bond transaction in CHF from a \u20acuro issuer since January 2024, the previous transaction in the market already being an issue by Compagnie de Financement Foncier.<\/li>\n<\/ul>\n<p>This is, like all our operations in CHF, a pure diversification for the group and Compagnie de Financement Foncier with demand coming from domestic investors who have pockets and needs in CHF and would not come to EUR.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Compagnie de Financement Foncier (Bloomberg Ticker: CFF) has completed its first Covered Bond issue of the year, with a 5-year\/9-year dual tranche issue of 200 million Swiss francs in total, divided into 100 million CHF for each tranche. This overall size is significant on the CHF, a currency on which the depth and therefore the [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/posts\/5550"}],"collection":[{"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/comments?post=5550"}],"version-history":[{"count":1,"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/posts\/5550\/revisions"}],"predecessor-version":[{"id":5551,"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/posts\/5550\/revisions\/5551"}],"wp:attachment":[{"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/media?parent=5550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/categories?post=5550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foncier.fr\/en\/wp-json\/wp\/v2\/tags?post=5550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}