Investor Presentaiton
2. Bpifrance Financement: Funding Strategy
A diversified and a long-term oriented refinancing structure
€bn
An increasing and more diverse refinancing structure to support business growth
56,2
42,9 43,8
Breakdown
by Instrument
Туре
39,5
34,8
30,5
26,5
22,2
17,9
14,7
9%
7%
23%
61%
Dec. 11 Dec. 12 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 Dec. 18 Dec. 19 June. 20
■EMTN/NEU MTN
Bilateral loans (including TLTRO)
■Repo
Commercial Paper
Refinancing breakdown
€bn, as at 30/06/2020
Govies portfolio breakdown
€bn, as at 30/06/2020
16
14
Breakdown
12
55%
by Remaining
10
8
Maturity
6
11%
13%
14%
5%
4
1%
2
< 1 year
0
[1-2 [2-3
years] years]
[3-4 [4-5 >5 years
years] years]
> 5 years
[4-5
[3
- 4
[2-3
[1-2
< 1 year
years]
years]
years]
years]
■Repo
bpifrance
Commercial Paper
Bonds & bilateral loans (including TLTRO)
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