CAISSE FRANCAISE DE FINANCEMENT LOCAL Sold the first Covid-19-related bond from a European financial institution last Tuesday, raising financing for hospitals while securing the tightest print since the crisis struck. Until the French issuer's €1bn deal, issuance of bonds dedicated to raising funds to combat the health and economic crisis had mostly come from SSAs. The bond was issued using Caffil's already established social bond framework, under which all proceeds are used to finance and refinance loans to French public hospitals originated by the public development bank SFIL, Caffil's parent.
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