Crédit Immobilier de France Développement completes new public RMBS

Client(s) Crédit Immobilier de France Développement

Jones Day acted as legal adviser of Crédit Immobilier de France Développement in its public securitization of French residential loans of €495 million through the French fonds commun de titrisation "Harmony French Home Loans FCT 2025-1". The Class A Notes rated Aaa(sf) / AAA(sf) (Moody's and Standard & Poor’s) and the Class B Notes rated Aa1(sf) / AA+(sf) (Moody's and Standard & Poor’s) issued on September 26, 2025 by Harmony French Home Loans FCT 2025-1 are listed on Euronext Paris. The securitization transaction was notified to ESMA as "STS" (simple, transparent, and standardized) in accordance with the EU Regulation 2017/2402 dated December 12, 2017 laying down a general framework for securitization and creating a specific framework for simple, transparent, and standardized securitization. Prime Collateralized Securities (PCS) EU SAS was appointed as third party verifier to verify the compliance of the securitization transaction with the STS criteria, and to provide for CRR and LCR assessments.