AFD - Universal Registration Document 2020
1
PRESENTATION OF AFD
Financing activities on its own behalf
The outstanding debt stock at as of 31 Ǿ December 2020 is mainly denominated in euros:
1 % Others
17 % ưƮƟ
82 % Ơưƭ
To meet its growing financing requirements, AFD ensures that it constantly maintains and expands 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%
17%
20%
90
22%
90
33%
28%
28%
41%
80
45%
18%
80
46%
13%
27%
34%
24%
15%
70
70
3% 8%
19%
20%
60
5% 8%
60
24%
10% 3% 8%
8%
37%
12%
50
21%
50
16%
11%
14%
26%
6% 6%
26%
40
25%
18%
40
24%
6%
11%
18%
30
30
13%
17%
11%
25%
4% 3%
5%
17%
13%
20
20
26%
28%
26%
21%
21%
20%
21%
19%
16%
10
14%
19%
10
11%
0
0
2015
2016
2017
2018
2019
2020
2015
2016
2017
2018
2019
2020
#UUGV /CPCIGT
Other Europe
Other
+PUWTCPEG 2GPUKQP (WPF
Americas
Germany/Switzerland
$CPMU 2TKXCVG $CPMU
ME/Africa
UK
Other
Asia
France
%$ 1HƒEKCN +PUVKVWVKQPU
(1) So-called “public” operations generally meet three main criteria: (i) Ǿ they are publicised widely to target domestic and international investors, (ii) Ǿ an order book is held to collate investor subscriptions and (iii) Ǿ there is a minimum amount to meet the benchmark size (equal to or greater than 500M EUR or USD for fixed-rate loans).
16
www.afd.fr
2020 UNIVERSAL REGISTRATION DOCUMENT
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