Agence France Locale (AFL), the unique French local government funding agency owned by French local authorities, has today announced it has completed deployment of Orchestrade, the leading modern, cross-asset, front-to-back trading and risk.
By Burhan Khadbai
03 Feb 2021
Agence France Locale, the funding agency for French local authorities, is gearing up for its busiest ever year in the capital markets with plans to issue a structured private placement and follow up January’s deal with a second euro benchmark this year. “We will take a major step this year in refinancing our inaugural issues we launched in 2015,” said Romain Netter, head of funding at AFL. “Over the last few years, we raised around €1bn per year. This year we will raise €1.8bn as part of our ongoing acceleration
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Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful. FRANKFURT, Germany, Jan. 15, 2021 (GLOBE NEWSWIRE)
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
BNP Paribas (Stabilisation Manager(s))
Deutsche Bank (Stabilisation Manager(s))
14 Jan 21
14 Feb 21
Existence, maximum size and conditions of use of overallotment facility:
The Stabilisation Manager(s) may over-allot the securities in an amount not exceeding 5% of the aggregate nominal amount stated above.
Stabilisation trading venue:
Over the counter, TBC
In connection with the offer of the above securities, the Stabilising Manager(s), or persons acting on behalf of the Stabilising Manager(s) may over-allot the securities, provided that the aggregate principal amount of the securities allotted does not exceed 105 percent of the aggregate principal amount of the securities, or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time, but it must end no later than the earlier of 30