Investor Presentaiton
Unédic Funding Programmes
at a Glance
NEU CP
(Ex Billets de Trésorerie)
NEU MTN
(Ex BMTN)
EMTN
Programme size
Current outstanding
Average maturity
€18bn
€10bn
€60bn
€9.8bn
€5.3bn
€51.5bn
2 months and 23 days
2 years and 4 months
6 years and 2 months
Tenor used for new issuances
Up to 1-year
Up to 5-year
Nature of guarantee
Ratings (Moody's / S&P / Fitch)
Listing
Rate
No explicit guarantee
Up to 15-year
Explicit guarantee*
P-1/-/F-1+
Aa2/-/AA-
Aa2/-/AA-
Not applicable
Euronext Paris
Fixed
Currency
EUR
*First demand, unconditional and irrevocable guarantee from the French State, covering €6.25bn of new issuances in 2022.
All Unédic's issuances are conducted under the French Law.
Source: Unédic, as of February 28th 2023
Source: Unédic, as of January 31st, 2024
26
INVESTOR PRESENTATION
FEBRUARY 2024
5 FUNDING STRATEGY
Unédic debt
securities
ECB Operations Eligibility
Yes
LCR Treatment
HQLA Level 1
Risk Weighting
0%
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