AFD - 2018 Registration document

1

PRESENTATION OF AFD

Financing activities on its own behalf

The outstanding debt burden as of 31 December 2018 is mainly denominated in Euros:

1 % Other

21 % ưƮƟ

7 8 % Ơưƭ

To meet its growing financing requirements, AFD takes care to constantly maintain and expand its investor base which guarantees secure access to cash resources and competitive prices. The investor base by geographic area and type of “public” operations 1) breaks down as follows:

❙ Geographical area:

❙ Type of operation:

100

100

12 %

12 %

14 %

90

17 %

33 %

28 %

28 %

90

24 %

40 %

45 %

80

18 %

80

34 %

27 %

70

24 %

70

19 %

27 %

24 %

60

20 %

60

8 %

25 % 3 % 8 %

37 %

19 %

50

11 % 6 % 6 % 12 %

50

26 %

11 % 6 %

25 %

40

18 %

18 %

40

24 %

15 %

30

30

13 %

7 %

13 %

17 %

25 %

20

28 %

20

26 %

24 %

16 %

10

22 %

14 %

21 %

20 %

19 %

10

11 %

0

0

2014

2015

2016

2017

2018

2014

2015

2016

2017

2018

#UUGV /CPCIGT

Other Europe

Other

+PUWTCPEG 2GPUKQP (WPF

Americas

Germany/Switz.

$CPMU 2TKXCVG $CPMU

ME / Africa

UK

Other

Asia

France

%$ 1HƒEKCN +PUVKVWVKQPU

(1) So-called “public” operations generally meet three main criteria: (i) they are publicised widely to target domestic and international investors, (ii) an order book is held to collate investor subscriptions and (iii) there is a minimum amount to meet the benchmark size (equal to or greater than €500M or USD for fixed-rate loans).

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www.afd.fr

REGISTRATION DOCUMENT 2018