Debt Structure
CADES' excellent creditworthiness on the international markets has enabled it to continue efforts to diversify its investor base and further to consolidate its debt structure.
Consult the amortisation schedule at
The redenomination into euros of CADES' domestic debt in French francs
Looking, as always, to adapt to the changing markets and investor demands, CADES decided to redenominate a part of its debt into euros as of 1999.
On December, 8th 1997, CADES announced that a part of its debt in FRF would be redenominated into euros on January, 4th 1999, in accordance with the French Treasury's procedures and timetable. This decision is in line with the French State policy to redenominate the public debt into euros.
Redenomination of the debt into euros
By January, 4th 1999, two-thirds of CADES' bond debt was denominated in euros (16 billion euros or FRF 105 billion): see press release December, 29th 1998.
Changes at December 31, 2005
Amortisation schedule of medium and long term debt at December 31, 2005
in € bn
Debt amortisation profile at December31, 2005
in € bn
Graphs showing geographical distribution of investors at December 31, 2005
Breakdown of debt by instrument at December 31, 2005
Changes at May 24, 2005
Amortisation schedule of medium and long term debt at May 24, 2005
in € bn
Debt amortisation profile at May 24, 2005
in € bn
Graphs showing geographical distribution of investors at May 24, 2005
Breakdown of debt by instrument at May 24, 2005
Changes at March 11, 2005
Amortisation schedule of medium and long term debt at March 11, 2005
in € bn
Debt amortisation profile at March 11, 2005
in € bn
Graphs showing geographical distribution of investors at March 11, 2005
Breakdown of debt by instrument at March 11, 2005
Changes at December 31, 2004
Amortisation schedule of medium and long term debt at December 31, 2004
Profil d'amortissement de la dette au 31/12/04
m EUR
Debt amortisation profile at December 31, 2004
in € bn
Breakdown of debt by instrument at December 31, 2004
Changes at July 2, 2004
Amortisation schedule of medium and long term debt at July 2, 2004
Debt amortisation profile at July 2, 2004
Graphs showing geographical distribution of investors at July 2, 2004
Breakdown of debt by instrument at July 2, 2004
Changes at October 22, 2003
Amortisation schedule of medium and long term debt at October 22, 2003
Debt amortisation profile at October 22, 2003
Breakdown of debt by instrument at October 22, 2003
Changes at November 27, 2002
Echéancier de la dette à moyen et long terme au 27/11/2002
m EUR
Debt amortisation profile at November 27, 2002
Graphs showing geographical distribution of investors at November 27, 2002
Breakdown of debt by instrument at November 27, 2002
Changes at December 31, 2001
Amortisation schedule of medium and long term debt at December 31, 2001
m EUR
|
1. EUR 5,5% 25 avril 2002 2. USD 6,5% 11 mars 2002 3. CHF 2,5% 17 mars 2003 4. NLG 6,375% 29 juillet 2004 5. EUR 3,375% 12 juillet 2004 6. EUR 6% 25 juillet 2005 7. EUR CADESi 3,8% 25 juillet 2006 |
8. EUR 6,25% 25 octobre 2007
|
Debt amortisation profile at December 31, 2001
raphs showing geographical distribution of investors at December 31, 2001
Breakdown of debt by instrument at December 31, 2001
Changes at November, 15th 2000
By November, 30th 2000, 85.6% of CADES' total debt was financed by medium- and long-term (over one year) programmes.
Amortisation schedule of medium and long term debt to November, 15th 2000
m EUR
|
1. USD FRN December 2001 2. EUR 5,5% April 2002 3. USD 6,5% March 2002 4. CHF 2,5% March 2003 5. EUR 3,375% July 2004 6. USD 5,125% January 2004 7. NLG 6,375% July 2004 8. EUR 6% July 2005 |
9. EUR CADESi 3,8% July 2006 10. EUR 6,25% October 2007 11. EUR 5,125% October 2008 12. EUR IAB 4,71% May 2008 13. GBP 6,25% March 2008 14. EUR IAB 4,60% July 2010 15. EUR 5,25% October 2012 16. EUR CADESi 3% July 2013 |
Debt amortisation profile at November 15, 2000
Graphs showing geographical distribution of investors at November 15, 2000
Breakdown of debt by instrument November 15, 2000
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Changes at November 30, 1999
By November, 30th 1999, 86% of CADES' total debt was financed by medium- and long-term (over one year) programmes.
Amortisation schedule of medium and long term debt to November 30, 1999
|
1. USD FRN Dec 1999 2. EUR 4% Oct 2000 3. JPY 5,2% Apr 2000 4. USD FRN Dec 2001 5. EUR 5,5% Apr 2002 6. USD 6,5% Mar 2002 7. CHF 2,5% Mar 2003 8. EUR 3,375% Jul 2004 9. USD 5,125% Jan 2004 |
10. NLG 6,375% Jul 2004 11. EUR 6% Jul 2005 12. EUR 6,25% Oct 2007 13. EUR 5,125% Oct 2008 14. EUR IAB 4,71% May 2008 15. GBP 6,25% Mar 2008 16. EUR IAB 4,60% Jul 2010 17. EUR 5,25% Oct 2012 18. CADESi 3% Jul 2013 |
Debt amortisation profile at November 30, 1999
Graphs showing geographical distribution of investors at November 30, 1999
Breakdown of debt by instrument November, 30th 1999
The geographical origins of CADES' investors show that it has won the confidence of international markets
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Graphs showing geographical distribution of investors
at July 27, 2008 |
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Consult Graphs showing geographical distribution of investors at
The diversity of instruments used
The diversity of instruments used demonstrates that CADES has been an imaginative and active issuer which is keen to adapt to investor's demand.
 Breakdown of debt by instrumentat April 9, 2010 |
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The redenomination into euros of CADES' domestic debt in French francs
Looking, as always, to adapt to the changing markets and investor demands, CADES decided to redenominate a part of its debt into euros as of 1999.
On December, 8th 1997, CADES announced that a part of its debt in FRF would be redenominated into euros on January, 4th 1999, in accordance with the French Treasury's procedures and timetable. This decision is in line with the French State policy to redenominate the public debt into euros.
Redenomination of the debt into euros
By January, 4th 1999, two-thirds of CADES' bond debt was denominated in euros (16 billion euros or FRF 105 billion): see press release December, 29th 1998.