The financing of debt taken over by CADES

The financing strategy implemented by CADES since its creation in April 1996, based on issuing principles defined by its Board of Directors, has helped the organisation to become a top-grade international issuer. The broadening of the scope of its remit has further enhanced its status, allowing CADES to continue the consolidation of its debt. 65.8% of which was financed by medium and long-term programmes by January, 31th 2005.