Obligation Caisse Nationale du Financement Local 1.125% ( FR0013310018 ) en EUR

Caisse Nationale du Financement Local

100 % ⇌

France

FR0013310018 ( en EUR )

1.125% par an ( paiement annuel )

19/01/2033 - Obligation échue

Prospectus brochure de l'obligation Caisse Française de Financement Local FR0013310018 en EUR 1.125%, échue

100 000 EUR

650 000 000 EUR

La Caisse Française de Financement Local (CFFL) est un établissement public national français qui assure le financement des collectivités territoriales et de leurs groupements.

L'obligation de type ISIN FR0013310018, émise par la Caisse Française de Financement Local, est arrivée à maturité et a été intégralement remboursée au prix de 100% de sa valeur nominale le 19 janvier 2033. Cet instrument de dette, libellé en EUR, affichait un taux d'intérêt annuel fixe de 1,125% avec une fréquence de paiement unique par an, et représentait une taille totale d'émission de 650 000 000 euros, accessible sur le marché avec une taille minimale d'achat de 100 000 euros. La Caisse Française de Financement Local est un établissement de crédit spécialisé de droit français, ayant pour mission principale le financement des collectivités territoriales et des établissements publics hospitaliers en France, assurant ainsi un rôle de soutien essentiel au développement des infrastructures et services publics locaux.

Final Terms dated 22 February 2018
CAISSE FRANÇAISE DE FINANCEMENT LOCAL
(the "Issuer")
Euro 75,000,000,000
Euro Medium Term Note Programme
for the issue of Obligations Foncières
Due from one month from the date of the original issue
SERIES NO: 2018-2
TRANCHE NO: 2
Euro 150,000,000 1.125 per cent. Obligations Foncières due 19 January 2033
to be assimilated (assimilées) and form a single series with the existing
Euro 500,000,000 1.125 per cent. Obligations Foncières due 19 January 2033
issued on 19 January 2018
Issue Price: 95.143 per cent. of the Aggregate Nominal Amount of the Tranche plus an amount
corresponding to accrued interest at a rate of 0,117123288% per cent. of such Aggregate Nominal Amount
for the period from and including 19 January 2018 to but excluding 26 February 2018
Manager
UNICREDIT BANK

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base
Prospectus dated 9 June 2017 which received visa n°17-267 from the Autorité des marchés financiers
(the "AMF") on 9 June 2017 and the supplement to the Base Prospectus dated 8 September 2017 which
received visa n°17-467 from the AMF on 8 September 2017 (the "Supplement") which together constitute a
base prospectus for the purposes of the Directive 2003/71/EC, as amended (the "Prospectus Directive").
This document constitutes the Final Terms of the Obligations Foncières described herein for the purposes of
Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus as so
supplemented. Full information on the Issuer and the offer of the Obligations Foncières is only available on the
basis of the combination of these Final Terms and the Base Prospectus as so supplemented. The Base Prospectus
and the Supplement are available for viewing at the office of the Fiscal Agent or each of the Paying Agents, on
the website of the AMF (www.amf-france.org) and on the website of the Issuer (www.caffil.fr) and copies may
be obtained from Caisse Française de Financement Local, 1 à 3, rue du Passeur de Boulogne - 92 130 Issy-les-
Moulineaux, France.
1
Issuer:
Caisse Française de Financement Local
2
(i)
Series Number:
2018-2
(ii)
Tranche Number:
2
(iii)
Date on which the Obligations Foncières The Obligations Foncières will be assimilated
become fungible:
(assimilées) and form a single series with the
existing
Euro 500,000,000
1.125 per
cent.
Obligations Foncières due 19 January 2033
issued by the Issuer on 19 January 2018 (the
"Existing Obligations Foncières") as from the
Issue Date of this Tranche.
3
Specified Currency or Currencies:
Euro ("")
4
Aggregate Nominal Amount:
(i)
Series:
650,000,000
(ii)
Tranche:
150,000,000
5
Issue Price:
95.143 per cent. of the Aggregate Nominal
Amount of the Tranche plus an amount
corresponding to accrued interest at a rate of
0.117123288 per cent. of such Aggregate
Nominal Amount
for the period from and
including 19 January 2018 to but excluding the
Issue Date.
6
Specified Denomination:
100,000
7
(i)
Issue Date:
26 February 2018
(ii)
Interest Commencement Date:
19 January 2018
8
Maturity Date:
19 January 2033
9
Interest Basis:
1.125 per cent. per annum Fixed Rate
2

10
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Obligations Foncières will be
redeemed on the Maturity Date at 100 per cent.
of their nominal amount
11
Change of Interest Basis:
Not Applicable
12
Call Options:
Not Applicable
13
(i)
Status of the Obligations Foncières:
Obligations Foncières
(ii)
Date of the corporate authorisation for Decision of the Directoire of Caisse Française de
issuance
of
Obligations
Foncières Financement
Local
dated
21
December
obtained:
2017authorising the issue of the Obligations
Foncières up to a maximum amount of Euro
1,000,000,000 for a period of 1 January 2018
until 31 March 2018 and delegating to Mr Gilles
Gallerne, Mr Romain Bailly, Mr Patrick Galland
and Mr Olivier Eudes the power to decide the
terms and conditions of the Obligations
Foncières and to sign and execute all documents
in relation to the issue of the Obligations
Foncières
PROVISIONS RELATING TO INTEREST (IF ANY)
PAYABLE
14
Fixed Rate Obligation Foncière Provisions
Applicable
(i)
Rate of Interest:
1.125 per cent. per annum payable annually in
arrear
(ii)
Interest Payment Dates:
19 January in each year commencing on 19
January 2019
(iii)
Fixed Coupon Amount:
1,125 per Obligation Foncière in nominal
amount
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction (Condition 5(a)):
Actual/Actual (ICMA)
(vi)
Determination Dates (Condition 5(a)):
19 January in each year
(vii)
Business Day Convention:
Not Applicable
(viii)
Business Centre(s):
Not Applicable
15
Floating Rate Provisions
Not Applicable
16
Zero Coupon Obligation Foncière Provisions
Not Applicable
17
Inflation Linked Interest Obligation Foncière
Provisions
Not Applicable
18
Index Formula
Not Applicable
19
Underlying Formula
Not Applicable
20
CPI Formula
Not Applicable
21
HICP Formula
Not Applicable
3

PROVISIONS RELATING TO REDEMPTION
22
Call Option
Not Applicable
23
Final Redemption Amount of each Obligation
Foncière
100,000 per Obligation Foncière of 100,000
Specified Denomination
Inflation Linked Obligations Foncières Provisions
relating to the Final Redemption Amount:
Not Applicable
24
Early Redemption Amount
Early Redemption for taxation reasons:
Not Applicable
Inflation Linked Obligations Foncières Provisions
relating to the Early Redemption Amount:
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE OBLIGATIONS FONCIÈRES
25
Form of Obligations Foncières:
Dematerialised Obligations Foncières
(i)
Form
of
Dematerialised
Obligations
Foncières:
Bearer dematerialised form (au porteur)
(ii)
Registration Agent:
Not Applicable
(iii)
Temporary Global Certificate:
Not Applicable
(iv)
Applicable TEFRA exemption:
Not Applicable
26
Financial Centre(s) (Condition 7(h)) or other special
provisions relating to Payment Dates:
TARGET
(i)
Adjusted Payment Date (Condition 7(h)):
The next following business day
27
Talons for future Coupons to be attached to
definitive Materialised Obligations Foncières (and
dates on which such Talons mature):
Not Applicable
28
Redenomination,
renominalisation
and
reconventioning provisions:
Not Applicable
29
Consolidation provisions:
Not Applicable
30
Representation of holders of Obligations Foncières
Masse (Condition 10):
Contractual Masse shall apply
Name and address of the Representative:
MASSQUOTE S.A.S.U.
RCS 529 065 880 Nanterre
7 bis rue de Neuilly
F-92110 Clichy
France
Mailing address:
33, rue Anna Jacquin
92100 Boulogne Billancourt
France
Represented by its Chairman
4

Name and address of the alternate
Representative:
Gilbert Labachotte
8 Boulevard Jourdan
75014 Paris
France
The Representative will receive a remuneration
of 400 (VAT excluded) per year.
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the Regulated Market
of Euronext Paris and on the Regulated Market of the Luxembourg Stock Exchange of the Obligations
Foncières described herein pursuant to the Euro 75,000,000,000 Euro Medium Term Note Programme of Caisse
Française de Financement Local.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
Duly represented by:
5

PART B OTHER INFORMATION
1.
ADMISSION TO TRADING
(i)
Admission to trading:
Application has been made by the Issuer (or on its behalf) for the
Obligations Foncières to be admitted to trading on the Regulated Market
of Euronext Paris and on the Regulated Market of the Luxembourg Stock
Exchange with effect from the Issue Date.
The Existing Obligations Foncières are already admitted to trading on the
Regulated Market of Euronext Paris and on the Regulated Market of the
Luxembourg Stock Exchange.
(ii) Estimate
of
total
expenses
related
to
admission to trading:
12,300 (including AMF fees)
2.
RATINGS
Ratings:
Applicable
The Obligations Foncières to be issued are expected to be rated:
S&P: AA+
Moody's: Aaa
Fitch: AA
Each of S&P, Moody's and Fitch is established in the European Union and
is registered under Regulation (EU) N° 1060/2009 (as amended) (the
"CRA Regulation"). Each of S&P, Moody's and Fitch is included in the
list of credit rating agencies published by the European Security and
Markets
Authority
on
its
website
(www.esma.europa.eu/supervision/credit-rating-agencies/risk).
3.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) of the Issuer has certified that the value of the assets of
the Issuer will be greater than the value of its liabilities benefiting from the privilège defined in Article
L.513-11 of the French Monetary and Financial Code, after settlement of this issue and of the issues
which have been the subject of previous attestations and that the coverage ratio of the Issuer is
compliant with the minimum overcollateral ratio specified in Article R.513-8 of the French Monetary
and Financial Code.
4.
NOTIFICATION
The Autorité des marchés financiers in France has provided the Commission de surveillance du secteur
financier with a certificate of approval attesting that the Base Prospectus as supplemented has been
drawn up in accordance with the Prospectus Directive.
5.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Managers in connection with the issue of Obligations Foncières, so far
as the Issuer is aware, no person involved in the offer of the Obligations Foncières has an interest
material to the offer. The Managers and their affiliates have engaged, and may in the future engage, in
6

investment banking and/or commercial banking transactions with, and may perform other services for,
the Issuer and its affiliates in the ordinary course of business.
6.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i)
Reasons for the offer:
The net proceeds of the issue of the Obligations Foncières will be used for
the Issuer's general corporate purposes.
(ii) Estimated net proceeds:
142,714,500 plus accrued interest for the period from 19 January 2018
(inclusive) to the Issue Date (exclusive) in the amount of 175,684.93 in
respect of this Tranche.
(iii) Estimated
total
expenses:
12,300
7.
YIELD
Indication of yield:
1.1.491 per cent. per annum
Calculated as per the ICMA method, which determines the effective
interest rate of the Obligations Foncières taking into account accrued
interest on a daily basis on the Issue Date.
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.
8.
DISTRIBUTION
(i)
Method of distribution:
Non-syndicated
(ii) If syndicated:
(A) Names of Managers:
Not Applicable
(B) Stabilising Manager(s)
if any:
Not Applicable
(iii) If non-syndicated, name
of Managers:
UniCredit Bank AG
(iv) US Selling Restrictions
(Categories of potential
investors to which the
Obligations Foncières
are offered):
Reg. S Compliance Category 1 applies to the Obligations Foncières.
TEFRA not applicable
(v) Prohibition of Sales to
EEA Retail Investors:
Applicable
9.
OPERATIONAL INFORMATION
ISIN:
FR0013310018
Common Code:
175111611
7

Depositaries:
(i)
Euroclear France to act as
Central Depositary:
Yes
(ii) Common Depositary for
Euroclear Bank S.A./N.V.
and Clearstream:
No
Any clearing system(s) other than
Euroclear and Clearstream and
the
relevant
identification
number(s):
Not Applicable
Delivery:
Delivery against payment
Name
and
address
of
the
Calculation Agent:
Not Applicable
Names
and
addresses
of
additional Paying Agent(s) (if
any):
Not Applicable
The aggregate principal amount
of Obligations Foncières issued
has been translated into Euro at
the rate of [currency] per Euro
1.00, producing a sum of:
Not Applicable
8