Investor Presentaiton
CAJA RURAL
DE NAVARRA
LIQUIDITY MANAGEMENT
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as defined in Regulation S of the U.S. Securities Act of 1933, as amended
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Retail focus: Loan book growth financed by deposit taking (and SMEs mediation finance by ICO).
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CRN maintains a high volume of liquid assets, most of them eligible for monetary operations with ECB.
• Despite this strategy, CRN has been active in wholesale markets since 2001:
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Domestic Commercial Paper Program.
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Schuldscheindarlehen issues (private placements, all matured).
Senior FRN Caja Rural de Navarra 2006 (matured 2011).
Senior Sustainable FRN Caja Rural de Navarra 2017 (maturing 2022).
DSeveral SME ABS and RMBSs programs (developed through the Caja Rural Group since 2000).
EIB specific issuances.
SME & Midcaps.
SME & climate action.
Public Issued Covered Bonds.
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2013 Issue (matured 2018).
• 2015 Issue (maturing 2022).
• 2016 Sustainable Issue (maturing 2023).
• 2018 Sustainable Issue (maturing 2025).
Retained Covered Bond.
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• 2018 Issue (maturing 2025).
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Covered Bond Private Placement in 2014 (maturing 2029).
Source: Caja Rural de Navarra.
2020 Credit and Sustainability Framework CRN
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