Crédit Foncier’s bond programme
Société de crédit foncier (SCF)
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(stable)/A1(stable)/A+(stable)/AA-(stable)]*, and as an affiliate of BPCE [A+(stable)/A1(stable)/A+(stable)]**, the company’s sole purpose is to finance the mortgage and public-sector lending activities of both its parent company and Groupe BPCE as a whole, through the issuance of obligations foncières rated [AAA(stable)/Aaa(stable)/AAA(stable)]***.
Compagnie de Financement Foncier’s obligations are French legal covered bonds that comply with the European directives UCITS 52-4 and CRD and with the Article 129 of the European 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 some issues in foreign currencies.
** Ratings Standard & Poor’s/Moody’s/Fitch Ratings
*** Ratings Standard & Poor’s/Moody’s/Scope Ratings