Sustainability Bonds Framework
Conditions of Eligibility
1
New criteria introduced by the Government decree of the 11th of May 2020
15
The Government decree
N°2020-556 dated May 11,
2020 implementing the law
N°2019-1461 of December 27,
2019 requests for any local
authority to fulfill 2 criteria
to become member of AFL.
These criteria only apply to
local authorities becoming
members after 12 May 2020.
Debt relief capacity of local
authorities (outstanding debt /
operating revenues) over the
last 3 years (on average) must
be lower than :
D
12 years on average for
municipalities, groupings and local
public institutions.
10 years for departments.
9 years for regions.
If local authorities cannot
fulfill the first criteria, they
must satisfy a minimum level
of self-financing capacity (3
years avg of operating expenditures +
debt capital repayment)/revenues
<100%).
GARE AEROPORT DIORD
Public territorial entity of Grand Orly Seine Bièvre - Extension of Orly train station
Copyright @Grand Orly Seine Bievre
AFL
Lo banque
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