The CADES board of directors approved the financial statements for 2010 on April 28th. Revenues reached €8.1 billion and allowed us to amortise debt for €5.1 billion, in accordance with the fixed legal amortisation objectives for 2010. A total of €3 billion was paid in interest to bearers of CADES’ bonds.

CADES enjoyed a strong position on the international market and raised €11.1 billion in mid and long term bonds in 2010, which puts us among the top-ranked issuers in the market
Our marketing strategy revolves around growing issues in foreign currencies, mainly in US dollars.
Overall, half of this programme will take place in euros, and the dollar will be the second source of financing.
Our objective is to access new sources of finance and enlarge the number of investors, with the aim
of writing down a portion of the French national debt as defined by the government