Reoffer: 5.5yr: MS+25bp / 99.69 / 2.688% 10yr: MS+49bp / 99.283 / 3.21%
Benchmark: 5.5yr: DBR 0 15-Aug-31 @ 88.283% / B+37.7bp / HR 107% 10yr: DBR 2.9 15-Feb-36 @ 101.694% / B+50.7bp / HR 96%
Final Books:
5.5yr: Final books above €1.80bn (incl 50mn JLM)
10yr: Final books above €1.70bn (incl 25mn JLM)
Launched:
5.5yr: €1.25bn @ MS+25bp - Books above €1.85bn pre rec (incl €50m JLM)
10yr: €750m @ MS+49bp - Books above €1.7bn pre rec (incl €25m JLM)
Spread Set:
5.5yr: MS+25bp - Books above €1.85bn pre rec (incl €50m JLM)
10yr: MS+49bp - Books above €1.75bn pre rec (incl €25m JLM)
Guidance: 5.5yr: MS+32bp area 10yr: MS+55bp area
Issuer: Crédit Mutuel Home Loan SFH
Ticker: CMCICB
LEI: 9695009KQA7MMTQL8E07
Type: French Societe de Financement de l'Habitat, backed by 100% French Prime Residential Home Loans, ECBC Covered Bond Label - EU harmonisation label. European Covered Bond (Premium) / CRDIV Compliant
Exp. Issue Ratings: Aaa/AAA/AAA (Moody's/S&P/Fitch)
Settlement Date: 10-Mar-26 (T+8)
Maturity Date:
5.5yr: 10-Sep-31 (soft bullet)
10yr: 10-Mar-36 (soft bullet)
Size:
5.5yr: €1.25bn
10yr: €750m
Reoffer:
5.5yr: MS+25bp / 99.69% / 2.688%
10yr: MS+49bp / 99.283% / 3.21%
Spread vs DBR:
5.5yr: DBR 0 15-Aug-31 (88.283%) +37.7bp | HR 107%
10yr: DBR 2.9 15-Feb-36 (101.694%) +50.7bp | HR 96%
Coupon:
5.5yr: 2.625% Fixed, Annual Act/Act ICMA, short first
10yr: 3.125% Fixed, Annual Act/Act ICMA
ISIN:
5.5yr: FR0014016QT6
10yr: FR0014016QS8
Redemption Price: 100%
Listing: Euronext Paris
Governing Law: French Law
Documentation: €70,000,000,000 International Programme for the issue of obligations de financement de l'habitat dated 29-Jul-25 as supplemented on 13-Feb-26
Denomination: €100k + €100k
Joint Bookrunners: CIC CIB, HSBC (B&D), Nordea and Societe Generale
Target Market: MiFID II professionals/ECPs-Only/No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared and the Notes are as not available to retail in the EEA or in the UK/ Co-Manufacturers' target market (MiFID II / UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels).
Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities
Schedule: Books open for today's business
ToE: 5.5yr 13:56 UKT; 10yr 13:55 UKT
FTT: 14:15 UKT
Advertisement: The Base Prospectus, supplements as well as the Final Terms (when published) are available at: https://www.creditmutuel-homeloansfh.eu/en/covered-bonds/documentation/index-sfh.html