Bond maturities and composition

We regularly access the financial markets through the issuance of bonds which are placed with both retail and institutional investors.

The Proprietary Funding division is responsible for structuring, issuing and placing these debt instruments, the proceeds from which serve to finance our activities. Our fund-raising, supported by our high credit rating, is carried out chiefly through the issuance of securities, both plain vanilla and structured.

 

BONDS

Our bond issuance policy pursues the dual objective of reducing the overall cost of funding and maintaining adequate liquidity levels.
 

Bonds in issue by type of investor (September 2018)

bond by issue
 
 
 

MATURITIES

Our objective is to maintain a balanced profile between bond maturities and issues.
 

Bond maturities (September 2018, billion euros)

bond maturity
 
 
 
Bond issues, redemptions and buybacks (September 2018, billion euros)
historical bond
 
 
 
 
 

Last update: 29/10/2018