Third benchmark bond issue for AFL in 2022
📢 On November 7th, AFL, the bank of French Local Authorities, successfully raised €500 million on the financial markets in a highly volatile environment. This new syndicated issue is AFL's third benchmark transaction this year, following the €500 million 7-year sustainable issue in January and the £250 million 3-year transaction in February.
👉 The order book, in excess of €1.7 billion, demonstrates the confidence of investors in the bank of local authorities, and confirms the success of its model aiming at pooling together financial needs of its members.
