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).
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Senior FRN Caja Rural de Navarra 2006 (matured 2011).
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Senior Sustainable FRN Caja Rural de Navarra 2017 (maturing 2022).
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DSeveral SME ABS and RMBSs programs (developed through the Caja Rural Group since 2000).
EIB specific issuances.
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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).
Covered Bond Private Placement in 2014 (maturing 2029).
Source: Caja Rural de Navarra.
2020 Credit and Sustainability Framework CRN
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