Legal financial information
The Programme’s original Base Prospectus was registered with France’s Financial Markets Authority (AMF) on July 27th, 2011.
The latest release of this Base Prospectus was registered with the AMF on 12 June 2020.
Download prospectus, first, second and third supplements
Current Bond Outstandings : 32 426 M€
Bpifrance Financement put in place a Euro Medium Term Notes (EMTN) Programme to tap capital markets. Its current ceiling is 45 billion euros since 12 June 2020. The securities issued under this framework benefit from the guarantee of the EPIC Bpifrance and have been rated Aa2 by Moody’s Investors Service and AA by Fitch Ratings.
As per the EMTN Programme, Bpifrance Financement also issued a 300M £ outstanding.
As part of the fight against the Covid-19 outbreak, the French Government and Bpifrance have announced a package of measures including a set of technical tools to shoulder enterprises impacted by coronavirus developments, to complement a State package of economic and social dispositions. Main measures are consisting of € 300 billion State guarantees on bank loans to companies, € 45 billion envelope to support businesses and employees, a solidarity fund for micro businesses.
Acting in close cooperation with the French banking sector, Bpifrance will manage the specific coronavirus State guaranty scheme to loans extended by Commercial banking or Bpifrance networks to enterprises, differ for 6 month most of customer cofinancing loans financial service to address tight corporate treasuries needing extra working capital during this global downturn.
The French Government will bear the financial risks of this new guaranty scheme amounting to € 300 Billion.
Because of the extraordinary social and economic challenges to be addressed by French Government, estimations of actual funds to mobilize as extra shouldering by Bpifrance of the French Entrepreneurs entices a possible adjustment in coming weeks. In consideration of extension of its missions, Bpifrance 2020 mid and long term funding target is increased to the level of € 7 billion (from the level of € 4 billion).
Bpifrance has the mandate to develop French business through co-financing, providing guarantees, taking stakes in companies and backing start-ups as a venture investor. As such, the proceeds of the additional funding will be used to restructure the medium and long term loans for Bpifrance customers.
This information will be updated, if necessary, pending to extra Government missions Bpifrance could receive.
Please refer to our web site for further updated information : Bpifrance.fr
These documents are free non-binding translations included for information purposes only. The French language reference documents shall prevail.
Download the annual reports
Distribution By Investor Type
Bond Issues By Maturity Date
Interim Financial Reports
Half-yearly Financial Reports
Download the semi-annual statements
Other financial information
Overview of Bpifrance Financement, funding strategy, bond issuer activity report, financials & risk management.
NEU CP AND NEU MTN PROGRAMMES
Bpifrance Financement notifies investors, through the services of the Bank of France, that it has set up two issue programmes of negotiable debt securities, on the domestic market, benefitting from the guarantee of the EPIC Bpifrance, and rated Aa2 by Moody’s Investors Service and F1+ by Fitch Ratings:
→ the NEU CP Programme has been capped at €6 billion
→ the NEU MTN Programme has been capped at €4 billion.
RATINGS AND OTHER INFORMATION
To have access to the latest ratings granted to the Programmes, please click on the following links:
Other prudential requirements
Required prudential publications according to the eighth part of European Regulation No 575/2013
Covid-19 Response Bond Framework
Covid-19 Response Bond Framework from Bpifrance Financement
COVID-19 Response Bonds Presentation
Bpifrance at a glance, Bpifrance emergency measures and response bond to Covid-19 crisis, Funding strategy
Indicative Calendar of Financial Communication
This calendar is settled on by Bpifrance group’s governance and will be subject to updates, it is based on the consolidation work of the group's accounts. This calendar is provided for indicative and information purpose only, it may be subject to changes, we can never rule out changes of dates, therefore, we recommend checking them regularly on this website.