Obligation Société Foncière de Financement 4% ( FR0010913749 ) en EUR

Société Foncière de Financement

100 % ⇌

France

FR0010913749 ( en EUR )

4% par an ( paiement annuel )

24/10/2025 - Obligation échue

Prospectus brochure de l'obligation Compagnie de financement foncier FR0010913749 en EUR 4%, échue

1 000 EUR

2 810 000 000 EUR

La Compagnie de Financement Foncier (CFF) est une société de financement immobilier spécialisée dans le crédit immobilier, proposant des solutions de financement pour l'acquisition, la construction ou la rénovation de biens immobiliers.

L'instrument financier de type obligation, identifié sous le code ISIN FR0010913749 et émis en France par la Compagnie de Financement Foncier ? une institution financière spécialisée dans le refinancement de crédits immobiliers et de prêts au secteur public local par le biais d'obligations foncières hautement sécurisées, et filiale du groupe BPCE ? est arrivé à maturité le 24 octobre 2025 et a été intégralement remboursé, clôturant ainsi une émission de 2 810 000 000 EUR qui offrait un taux d'intérêt nominal de 4% avec une fréquence de paiement annuelle, une taille minimale à l'achat de 1 000 EUR, et dont le prix sur le marché, en devise EUR, avait atteint 100%.

Final Terms dated 22 June 2011
COMPAGNIE DE FINANCEMENT FONCIER
Euro 125,000,000,000
Euro Medium Term Note Programme
for the issue of Obligations Foncières
Due from one month from the date of original issue
SERIES NO: 504
TRANCHE NO: 5
EUR 100,000,000 4 per cent. Obligations Foncières due October 2025 (the "Notes")
to be assimilated (assimilées) upon listing and form a single series with the existing
EUR 600,000,000 4 per cent. Obligations Foncières due October 2025,
EUR 450,000,000 4 per cent. Obligations Foncières due October 2025,
EUR 250,000,000 4 per cent. Obligations Foncières due October 2025 and
EUR 200,000,000 4 per cent. Obligations Foncières due October 2025
(the "Existing Notes")
Issued by: COMPAGNIE DE FINANCEMENT FONCIER (the "Issuer")
Issue Price: 96.122 per cent. of the Aggregate Nominal Amount of the Tranche
plus an amount corresponding to accrued interest at a rate of 4 per cent.
of the Aggregate Nominal Amount of the Tranche for the period from and including
24 June 2010 to, but excluding, 24 June 2011
Lead Manager
NATIXIS
Co-Lead Managers
DZ BANK AG
NORDDEUTSCHE LANDESBANK GIROZENTRALE

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any
offer of Notes in any Member State of the European Economic Area which has implemented the Prospectus
Directive (2003/71/EC) (each, a "Relevant Member State") will be made pursuant to an exemption under the
Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus
for offers of the Notes. Accordingly any person making or intending to make an offer in that Relevant Member
State of the Notes may only do so in circumstances in which no obligation arises for the Issuer or any Manager to
publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to
Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor any Manager
has authorised, nor do they authorise, the making of any offer of Notes in any other circumstances.
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set
forth in (i) the Base Prospectus dated 3 July 2009 which received visa n°09-214 from the Autorité des marchés
financiers ("AMF") on 3 July 2009 and (ii) the supplement to this Base Prospectus dated 25 February 2010 which
received visa from the AMF n°10-033 on 25 February 2010. This document constitutes the Final Terms of the
Notes described herein for the purposes of Article 5.4 of the Prospectus Directive (Directive 2003/71/EC) (the
"Prospectus Directive") and must be read in conjunction with the Base Prospectus dated 1 July 2010 which
received visa n°10-214 from the AMF on 1 July 2010 and the supplements to the Base Prospectus dated 2
September 2010 and 4 April 2011 which received visa n°10-301 and visa n°11-092 from the AMF on 2 September
2010 and 4 April 2011, respectively, which together constitute a base prospectus for the purposes of the Prospectus
Directive, save in respect of the Conditions which are extracted from the Base Prospectus dated 3 July 2009 and
the supplement to the Base Prospectus dated 25 February 2010 and are attached hereto. Full information on the
Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the
Base Prospectus dated 3 July 2009, the supplement to the Base Prospectus dated 25 February 2010 and the Base
Prospectus dated 1 July 2010 and the supplements to the Base Prospectus dated 2 September 2010 and 4 April
2011. The Base Prospectus dated 1 July 2010 and the supplements to the Base Prospectus dated 2 September 2010
and 4 April 2011 are available for viewing at the office of the Fiscal Agent or each of the Paying Agents and, if
relevant, on the website of the AMF, and copies may be obtained from Compagnie de Financement Foncier 4, Quai
de Bercy, 94224 Charenton Cedex, France.
The issue of the Notes constitutes the fourth reopening of the EUR 1,500,000,000 4 per cent. Obligations
Foncières due October 2025 (the "Existing Notes").
The Notes newly issued will be assimilated (assimilées) and form a single series with the Existing Notes upon
listing of the Notes bringing the total principal amount of the Notes of Series 504 to EUR 1,600,000,000.
1
Issuer:
Compagnie de Financement Foncier
2
(i)
Series Number:
504
(ii)
Tranche Number:
5
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:
(i)
Series:
EUR 1,600,000,000
(ii)
Tranche:
EUR 100,000,000
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5
Issue Price:
96.122 per cent. of the Aggregate Nominal
Amount of the Tranche plus an amount
corresponding to accrued interest at a rate of 4
per cent. of such Aggregate Nominal Amount
for the period from, and including 24 June
2010 to, but excluding, 24 June 2011
6
Specified Denominations:
EUR 1,000
7
(i)
Issue Date:
24 June 2011
(ii)
Interest Commencement Date:
24 June 2010
8
Maturity Date:
24 October 2025
9
Interest Basis:
4 per cent. Fixed Rate
(further particulars specified below)
10
Redemption/Payment Basis:
Redemption at par
11
Change of Interest or Redemption/Payment Basis:
Not Applicable
12
Call Options:
Not Applicable
13
(i)
Status of the Notes:
Obligations Foncières
(ii)
Dates of the corporate authorisations for issuance
of Notes obtained:
Decision of the Conseil d'administration of
Compagnie de Financement Foncier dated 17
December 2010 authorising (i) the issue of the
Notes, (ii) inter alia, its Président Directeur
Général and its Directeur Général Délégué to
sign and execute all documents in relation to
the issue of Notes, and decision of the Conseil
d'administration of the Issuer dated 28 March
2011 authorising the quarterly programme of
borrowings which benefit from the privilège
referred to in Article L. 515-19 of the French
Code monétaire et financier up to and
including EUR 8 billion for the second quarter
of 2011.
14
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
4 per cent. per annum payable annually in
arrear
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(ii)
Interest Payment Date(s):
24 October in each year commencing on
24 October 2011
There will be a long first coupon in respect of
the first Interest Period from and including the
Interest Commencement Date to, but
excluding, the first Interest Payment Date.
(iii)
Fixed Coupon Amount:
EUR 40 per EUR 1,000 in nominal amount
subject to "Broken Amount(s)" referred to in
sub-paragraph (iv) below.
(iv)
Broken Amount(s):
In respect of the period commencing on, and
including the Interest Commencement Date
to, but excluding, the first Interest Payment
Date: EUR 53.37 per EUR 1,000 in nominal
amount.
(v)
Day Count Fraction (Condition 5(a)):
Actual/Actual (ICMA) (unadjusted)
(vi)
Determination Date(s) (Condition 5(a)):
24 October in each year
(vii) Other terms relating to the method of calculating
interest for Fixed Rate Notes:
Not Applicable
16
Floating Rate Provisions
Not Applicable
17
Zero Coupon Note Provisions
Not Applicable
18
Index Linked Interest Note/other variable-linked Not Applicable
interest Note Provisions
19
Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20
Call Option
Not Applicable
21
Other Option
Not Applicable
22
Final Redemption Amount of each Note
EUR 1,000 per Note of EUR 1,000 Specified
Denomination
23
Early Redemption Amount
Early Redemption Amount(s) of each Note payable on
redemption for taxation reasons or on any early
redemption and/or the method of calculating the same (if
required or if different from that set out in the
Conditions):
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24
Form of Notes:
Dematerialised Notes
(i)
Form of Dematerialised Notes:
Bearer dematerialised form (au porteur)
(ii)
Registration Agent:
Not Applicable
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(iii)
Temporary Global Certificate:
Not Applicable
(iv)
Applicable TEFRA exemption:
Not Applicable
25
Financial Centre(s) (Condition 7(h)) or other special
provisions relating to Payment Dates:
TARGET
Adjusted Payment Date (Condition 7(h)):
The next following business day that is a
business day
26
Talons for future Coupons or Receipts to be attached to
Definitive Materialised Notes (and dates on which such
Talons mature):
Not Applicable
27
Details relating to Partly Paid Notes: amount of each
payment comprising the Issue Price and date on which
each payment is to be made and consequences (if any) of
failure to pay:
Not Applicable
28
Details relating to Instalment Notes: amount of each
instalment, date on which each payment is to be made:
Not Applicable
29
Redenomination, renominalisation and reconventioning
provisions:
Not Applicable
30
Consolidation provisions:
Not Applicable
31
Representation of holders of Notes Masse (Condition 10)
Applicable
The initial Representative will be:
MURACEF
5, rue Masseran
75007 Paris
France
The alternate Representative will be:
M. Hervé Bernard VALLEE
1, Hameau de Suscy
77390 Crisenoy
France
The Representative will not receive any
remuneration
32
Other final terms:
Not Applicable
DISTRIBUTION
33
(i)
If syndicated, names and addresses of Managers
and underwriting commitments:
Lead Manager:
NATIXIS
30 avenue Pierre Mendès France
75013 Paris
France
Underwriting commitment: EUR 98,000,000
Co-Lead Managers:
DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main
Platz des Republik
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60265 Frankfurt am Main
Germany
Underwriting commitment: EUR 1,000,000
Norddeutsche Landesbank Girozentrale
Friedrichswall 10
30159 Hannover
Germany
Underwriting commitment: EUR 1,000,000
(ii)
Date of Subscription Agreement:
22 June 2011
(iii)
Stabilising Manager(s) (if any):
Not Applicable
34
If non-syndicated, name and address of Dealer:
Not Applicable
35
Total commission and concession:
0.35 per cent. of the Aggregate Nominal
Amount.
36
Additional selling restrictions:
Public Offer Selling Restriction under the
Prospectus Directive
In relation to each Member State of the
European Economic Area which has
implemented the Prospectus Directive (each, a
"Relevant Member State"), each Manager
has represented, warranted and agreed that
with effect from and including the date on
which
the
Prospectus
Directive
is
implemented in that Relevant Member State
(the "Relevant Implementation Date") it has
not made and will not make an offer of Notes
which are the subject of the offering
contemplated by the Base Prospectus as
supplemented and as completed by these Final
Terms in relation thereto to the public in that
Relevant Member State except that it may,
with effect from and including the Relevant
Implementation Date, make an offer of such
Notes to the public in that Relevant Member
State:
(a)
at any time to any legal entity which is
a qualified investor as defined in the
Prospectus Directive;
(b)
at any time to fewer than 100 or, if the
Relevant
Member
State
has
implemented the relevant provision of
the 2010 PD Amending Directive, 150,
natural or legal persons (other than
qualified investors as defined in the
Prospectus Directive), subject to
obtaining the prior consent of the
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relevant Manager or Managers
nominated by the Issuer for any such
offer; or
(c)
at any time in any other circumstances
falling within Article 3(2) of the
Prospectus Directive,
provided that no such offer of Notes referred
to in (a) to (c) above shall require the Issuer or
any Manager to publish a prospectus pursuant
to Article 3 of the Prospectus Directive, or
supplement a prospectus pursuant to Article
16 of the Prospectus Directive.
For the purposes of this provision, the
expression an "offer of Notes to the public"
in relation to any Notes in any Relevant
Member State means the communication in
any form and by any means of sufficient
information on the terms of the offer and the
Notes to be offered so as to enable an investor
to decide to purchase or subscribe the Notes,
as the same may be varied in that Member
State by any measure implementing the
Prospectus Directive in that Member State, the
expression "Prospectus Directive" means
Directive 2003/71/EC (and amendments
thereto, including the 2010 PD Amending
Directive, to the extent implemented in the
Relevant Member State), and includes any
relevant implementing measure in the
Relevant Member State and the expression
"2010 PD Amending Directive" means
Directive 2010/73/EU.
37
Non-exempt offer:
Not Applicable
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the Bourse de
Luxembourg (regulated market of the Luxembourg Stock Exchange) and Euronext Paris (regulated market of
the Paris Stock Exchange) of the Notes described herein pursuant to the Euro 125,000,000,000 Euro Medium
Term Note Programme of Compagnie de Financement Foncier.
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RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
Duly represented by:
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PART B OTHER INFORMATION
1.
RISK FACTORS
Not Applicable
2.
LISTING
(i)
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the
Bourse de Luxembourg and on Euronext Paris with
effect from 24 June 2011.
(ii)
Additional publication of the Base
The Base Prospectus dated 1 July 2010, the
Prospectus and Final Terms:
supplements dated 2 September 2010 and 4 April
2011 and the Final Terms will be published on the
website
of
the
Bourse
de
Luxembourg
(www.bourse.lu).
(iii)
Regulated markets or equivalent
The Existing Notes are already admitted to trading on
markets on which, to the knowledge
the Bourse de Luxembourg and on Euronext Paris.
of the issuer, securities of the same
class of the securities to be offered or
admitted to trading are already
admitted to trading:
3.
TERMS AND CONDITIONS OF THE OFFER
Not Applicable
4.
RATINGS
Ratings:
The Programme has been rated Aaa by Moody's
Investors Service and AAA by Standard & Poor's
Ratings Services.
For Moody's Investors Service, Notes issued under
the Programme are deemed to have the same rating as
the Programme, investors are invited to check on a
regular basis the rating assigned to the Programme
which is publicly disclosed via Moody's Investors
Service rating desk or moodys.com.
The Notes issued under the Programme will be rated
AAA by Standard & Poor's Ratings Services1 and by
Fitch Ratings2.
Each of Standard & Poor's Ratings Services, Fitch

1
An obligation rated "AAA" has the highest rating assigned by Standard & Poor's Rating Services. The obligor capacity to meet its financial
commitment on the obligation is extremely strong (source: Standard & Poor's Ratings Services). A rating is not a recommendation to buy,
sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency without notice.
2
"AAA" ratings denote the lowest expectation of credit risk. They are assigned only in case of exceptionally strong capacity for timely
payment of financial commitments. This capacity is highly unlikely to be adversely affected by foreseeable events (source: Fitch Ratings).
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Ratings and Moody's Investors Service is established
in the European Union and has applied to be
registered under Regulation (EC) No 1060/2009 of the
European Parliament and of the Council of 16
September 2009 on credit rating agencies, although
the result of such application has not yet been notified
by the relevant competent authority.
5.
NOTIFICATION
The Autorité des marchés financiers in France has provided the Commission de Surveillance du Secteur
Financier in Luxembourg with certificate of approval attesting that the Base Prospectus dated 1 July 2010
and the supplements dated 2 September 2010 and 4 April 2011 have been drawn up in accordance with the
Prospectus Directive.
6.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale" so far as the Issuer is aware, no person involved in the offer of
the Notes has an interest material to the offer.
7.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
The net proceeds of the issue of the Notes will be used
for the Issuer's general corporate purposes.
(ii) Estimated net proceeds:
EUR 99,772,000
(iii) Estimated total expenses:
Estimated total listing fees (Paris and Luxembourg):
EUR 12,550
8.
YIELD
Indication of yield:
4.366 per cent. per annum
As set out above, the yield is calculated at the Issue Date
on the basis of the Issue Price. It is not an indication of
future yield.
9.
HISTORIC INTEREST RATES
Not Applicable
10. PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE, EXPLANATION OF EFFECT ON
VALUE OF INVESTMENT AND ASSOCIATED RISKS AND OTHER INFORMATION
CONCERNING THE UNDERLYING
Not Applicable
11. PERFORMANCE OF RATE[S] OF EXCHANGE AND EXPLANATION OF EFFECT ON VALUE
OF INVESTMENT
Not Applicable
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Document Outline

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