Investor relations

«La Caisse des dépôts et consignations et ses filiales constituent un groupe public au service de l’intérêt général et du développement économique du pays. Ce groupe remplit des missions d’intérêt général en appui des politiques publiques conduites par l’Etat et les collectivités territoriales et peut exercer des activités concurrentielles. La Caisse des dépôts et consignations est un investisseur de long terme et contribue, dans le respect de ses intérêts patrimoniaux, au développement des entreprises. Elle est placée, de la manière la plus spéciale, sous la surveillance et la garantie de l’autorité législative. »

Code monétaire et financier Art. L518-2

 

 

OUR financial statements, RATINGS AND ANALYSIS

Caisse des Dépôts, french public financial institution, is a state agency. Two laws grant it's highly protective status:

  • Immunity to liquidation and bankruptcy (French law of 25 January 1985 - art L 631-2 and L 640-2 of the French commercial code)
  • Solvency protection: French Law 80-539 of 16 July 1980.

Caisse des Dépôts benefits from the same rating as the French state.

Access the annual accounts for the previous years in our media library

Analyses : Caisse des Dépôts by the banks

OUR ISSUANCE PROGRAMMES

Caisse des Dépôts has access to the short, medium and long-term markets through dedicated programmes:

  • The «Negotiable European Commercial Paper » program (NEU CP) of 20 billion euros from 1 day to 1 year
    • Multicurrency French law programme, from 1 day to 1 year,
    • Fixed rate or floating rate (EONIA) issuances

Financial memorandum - NEU CP and BMTN FINAL VERSION SIGNATURE 29092015 PD (pdf - 4.58 mb)
Financial memorandum - Negotiable European Commercial Paper (NEU CP) 26072016 (pdf - 2 mo)

  • The Global Commercial Paper programme with a ceiling of 30 billion euros
    • Euros Commercial Paper (ECP): Multicurrency English law programme from 1 year to 1 year less 1 day. Fixed rate issuances.
    • US Commercial Paper (USCP): American law programme in dollars for 1 day to 397 days. Fixed rate issuances or floating ones against Libor USD.

Global Commercial Paper Program 2015 (pdf - 383.19 kb)

  • The EMTN programme of 18.5 billion euros for public or private issuances
    • Private placement over a very wide range of currencies: EUR, USD, GBP, JPY, HKD, AUD, NOK, CZK, etc.
    • Public "benchmark" in USD, GBP, CHF, JPY and EUR
    • The capital is guaranteed for the investor.

CDC EMTN Programme 2017 Base Prospectus EN (pdf - 1.74 mo)
CDC EMTN Programme Supplement N°1 dated 07th July 2017 (pdf - 267 Ko)

  • The « Negotiable European Medium Term Note » program (NEU MTN) of 1.5 billion euros

Financial Memorandum - Negotiable European Medium Term Note (NEU MTN) 26072016 (pdf - mo)

The issuances from Caisse des Dépôts have the following qualities:

  • 0% rick weighting for bank capital adequacy purpose (Bâle II)
  • Liquidity Coverage Ratio confirmed at level 1
  • Eligible for the Asset Purchasing Expanded Programme from the European Central Bank

Access the reference documents for the issuance programmes and realised issuances

YOUR CONTACTS

Pierre-François Koehl
Deputy Director of Financial Management

Short-term treasury

  • Marie Suyker
    Head of Short-term Issuances treasury
  • Audrey Athuil
    Deputy head of Short-term Issuances and treasury
  • Pierre Fourcail
    Cash Manager
  • David Reymond
    Cash Manager
  • Short Term Desk
    Email: CDC.TREASURY@caissedesdepots.fr
    Tel: +33 1 .58.50.21.37.
    Reuters Dealing Code: CDCP

Long-term financing

 

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