La Banque Postale, through its subsidiary La Banque Postale Home Loan SFH dedicated to refinancing home loans granted by the bank retail network in France, has successfully placed its first social covered bond issue on January 23th 2023 focusing on social home ownership loan - “Prêt d’Accession Sociale”.
Investor reception was particularly strong as La Banque Postale’s credit quality continues to persuade markets participants. Its commitment to use the proceeds to fund social projects was a key factor in the success of transaction.
Read the press release and know more