AFL reports an agreement to purchase a French covered bond vehicle

AFL, the bank for local governments, announces the signing of an agreement for the acquisition of GE SCF S.C.A., a French covered bond issuer (société de crédit foncier).

This transaction is part of AFL’s strategy to diversify its funding tools, with the aim of optimising its access to financial markets while preserving competitive, stable and sustainable financing conditions for French local governments, at a time when the country’s sovereign credit rating is deteriorating.

Read the press release ✒️