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-(positive)/A2(positive)/A(positive)]* and as an affiliate of BPCE [A(positive)/A2(positive)/A(positive)]*, 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.
** Notation Standard & Poor’s/Moody’s/Scope Ratings