Agence France Locale 15-year EUR 500 million Benchmark Bond

On Wednesday 24th May 2023, AFL, the French local authorities’ bank, launched its first 15-year EUR 500 million syndicated bond issue. This is for AFL the inaugural long-dated benchmark issuance, a means of extend its benchmark curve up to 2038.

This issuance also marked the first 15-year benchmark issued by a French Agency in 2023, demonstrating AFL’s commitment to the long-end SSA investor base.

The transaction saw a successful 2 basis point tightening from guidance, with an oversubscribed orderbook well-anchored by insurance and pension fund demand.

Find out more in our press release.