AFD_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF AFD

Financing activities on its own behalf

To meet its growing financing requirements, AFD takes care to constantly maintain and expand its investor base which guarantees it secure access to cash resources and competitive prices. The investor base by geographic area and type of “public (1) ” operations breaks down as follows:

Geographical area

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

12%

12%

17%

21%

24%

18%

24%

34%

27%

36%

20%

8%

6% 11% 6% 12% 20% 1%

11% 13% 6%

24%

18%

16%

7%

3%

19% 4% 2%

23%

22% 1%

21%

1%

2013

2014

2015

2016

2017

Other America France

Other Europe ME/Africa Asia

Germany UK

Type of operation:

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

1%

1%

2%

28%

28%

33%

40%

45%

24%

27%

37%

19%

26%

18%

19%

15%

17%

13%

28%

25%

24%

16%

14%

2013

2014

2015

2016

2017

Asset Manager Insurance/Pension Fund

Banks/Private Banks CB/Official Institutions

Other

For five years now AFD has had a solid investor base in France and Europe. This investor base is also supplemented by international players in Asia, America and the Africa, Middle East region. This geographical diversity goes hand-in-hand with the type of investors.

(1) So-called “public” operations generally fit three main criteria: (i) they are publicised widely to target domestic and international investors, (ii) an order book is held to collate investor subscriptions and (iii) there is a minimum amount to meet the benchmark size (equal to or greater than €500M or USD for fixed-rate loans).

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REGISTRATION DOCUMENT 2017

www.afd.fr