CIF Group completes First STS Securitization in Europe
Jones Day advised Credit Immobilier de France (CIF) Group on the French home loans securitization made through "Private Harmony French Home Loans FCT". Crédit Agricole Corporate and Investment Bank and BNP Paribas are co-arrangers. The securitized assets are receivables arising from a portfolio of French home loans of more than €1 billion (US$1.1 billion). The notes issued by the French securitization fund Private Harmony French Home Loans FCT were privately placed.