Great success for Sfil group’s 5th public transaction of the year 2025
12 June 2025On June 12, Sfil group launched its fifth public issue of the year, in unsecured format, for an amount of EUR 1 billion and a maturity of 7 years. After this transaction, Sfil group will have raised EUR 5.75 billion in 2025 on the bond markets.
This second transaction issued by Sfil in 2025 achieved an order book of EUR 1.6 billion and an oversubscription rate of x1.6. With the participation of 58 different investors, the transaction had a well-diversified distribution in terms of geographical area and investor type.
| Transaction details Sfil – EUR bond EUR 1 billion / Maturity : June 23rd 2032 Coupon : 3% Spread : mid-swaps +68 bp / OAT +20 bp Bookrunners: CACIB, Deutsche Bank, Goldman Sachs, HSBC, La Banque Postale and Nomura |
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| Geographic distribution: | Distribution by investor type: | ||
| France | 24% | Banks | 42% |
| UK / Ireland | 20% | Central banks and official institutions | 35% |
| Benelux | 12% | Investment Managers | 19% |
| Germany / Austria | 9% | Insurances | 4% |
| Nordic countries | 8% | ||
| Asia | 8% | ||
| Middle-East / Africa | 6% | ||
| Italy | 6% | ||
| Iberian peninsula | 4% | ||
| Switzerland | 3% | ||
“ We are proud of the success of this transaction, which enabled us to raise an amount of one billion euros, testifying to the confidence of international investors in Sfil’s signature. This is the 4th tightest bond against OAT out of the 15 Sfil euros transactions completed since 2015. This fifth bond reflects our ongoing commitment and the significant progress achieved by Sfil group in implementing its 2025 funding program, while reaffirming our key role in financing the local public sector and export credit. ”
Philippe Mills
CEO of Sfil