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-0.000917524722193842 0 0.00069663914092514 0.000237876779828219 -0.00101947191354863 0.00137628708329096 0.00385700207292639 -0.00176708465015116
Stock impact report

AFL reports an agreement to purchase a French covered bond vehicle [Yahoo! Finance]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Yahoo! Finance
AFL reports an agreement to purchase a French covered bond vehicle AFL, the bank for local governments, announces the signing of an agreement for the acquisition of GE SCF S.C.A., a French covered bond issuer (société de crédit foncier). This transaction is part of AFL's strategy to diversify its funding tools, with the aim of optimising its access to financial markets while preserving competitive, stable and sustainable financing conditions for French local governments, at a time when the country's sovereign credit rating is deteriorating. Diversification of AFL's funding tools Since 2024, AFL's bond market funding costs – and more broadly those of French public-sector issuers – have increased significantly in the wake of the downgrade of France's sovereign rating, which has weighed on financing conditions. Against this backdrop, AFL has decided to diversify its funding tools as a way to strengthen its competitiveness in financial markets and make the company further susta Show less Read more
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