Press release with effective and complete dissemination
Paris, July 28, 2022
Results of Compagnie de Financement Foncier for the first half of 2022
Compagnie de Financement Foncier’s Board of Directors met on July 28, 2022, under the chairmanship of Éric Filliat, to approve the 2022 half‐year financial statements.
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I. ACTIVITY OF COMPAGNIE DE FINANCEMENT FONCIER
In a deteriorated international economic context, with the return of Covid-19 and the continuation of the war in Ukraine, global economic growth is slowing down and inflationary tensions maintain a climate of uncertainty. In this environment, Compagnie de Financement Foncier posted a strong first half of 2022, once again demonstrating investor confidence in the strength of its business model.
- Issuance of obligations foncières (French covered bonds)
A key player in Groupe BPCE’s refinancing strategy as a whole, Compagnie de Financement Foncier issued €1,985bn in obligations foncières in the first half of 2022, including €480m in private placements.
- In March 2022, Compagnie de Financement Foncier completed its first benchmark of the year in the amount of €1.25bn over a maturity of six years. This transaction, carried out just after the start of the Ukrainian crisis, illustrates the resilience of Compagnie de Financement Foncier’s signature in complex environments.
- In April 2022, Compagnie de Financement Foncier made a remarkable return to the Swiss franc market with an issue with a…
