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AFD has a dual status, being both a French public undertaking as an EPIC (“Etablissement Public à Caractère Industriel et Commercial”) and a finance company (“Société de Financement”) regulated by the national banking authority (ACPR). AFD benefits from the same rating as the French state. AFD maintains a EUR 50bn EMTN program, and a EUR 2bn NeuCP program for short-term issues. AFD also issues frequently climate bonds. AFD commits to communicate extensive and complete information to investors.

AFD’s presentation to investors (December 2021)

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Financial Reports
Issuance programs & final terms
SDG bonds
Corporate social responsibility
AFD’s rating
AFD’s presentation to investors

Financial Reports

Universal Registration Documents

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Annual financial statements

2020

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Download the documents Consolidated financial statements at 31st December 2020 …

AFD’s annual financials statements at 31st December 2020 (in French)

AFD’s annual financials statements at 31st December 2019 (in French) Statut…

Statutory auditors’ report on the annual financial statements (in French)

2019

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Consolidated financial statements at 31st December 2019 (in French)

AFD’s annual financials statements at 31st December 2019 (in French)

Statutory auditors’ report on the consolidated financial statements (in French)

Statutory auditors’ report on the annual financial statements (in French)

Semestrial Reports

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Issuance programs & final terms

EMTN Programs

2021

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First Supplement – 2021 EMTN Programme

Base Prospectus 2021

2020

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Second Supplement - 2020 EMTN Programme

First Supplement – 2020 EMTN Programme

Base Prospectus 2020

2019

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Second Supplement – 2019 EMTN Programme

First Supplement – 2019 EMTN Programme

Base Prospectus 2019

2018

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Base Prospectus 2018

2017

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Base Prospectus 2017

Supplement 2017 - 1

2016

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Base Prospectus 2016

2015

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Base Prospectus 2015

Supplement 2015 - 2

Supplement 2015 - 1

2014

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Base Prospectus 2014

Supplement 2014

2013

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2012

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Base prospectus 2012

Supplément 2012 - 2

Supplément 2012 - 1

2011

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Base prospectus 2011

Supplément 2011 - 2

Supplément 2011 - 1

NeuCP and NeuMTN Programs

2021

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NeuCP Program 2021 (in French)

NeuMTN Program 2021 (in French)

2020

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NeuCP Program 2020 (in French)

NeuMTN Program 2020 (in French)

2019

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NeuCP Program 2019 (in French)

NeuMTN Program 2019 (in French)

2018

NeuCP and NeuMTN Programs

NeuCP Program 2018

NeuMTN Program 2018

2017

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Issues of deposit certificates program 2017 (in French)

2015

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Issue of deposits certificates program - June 2015 (In French)

2014

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Financial Presentation Report - Issue of deposits certificates program - June (…

2013

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Deposits certificates program - October (In French)

Deposits certificates program - June (In French)

Final terms

2022

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Serie 146 DUE 20 Jan 2025 FR0014007T85 4% DOP

2021

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Serie 123 DUE 25 MAR 2025 FR0013483526 0% EUR (Tap)

Serie 144 DUE 19 Nov 2024 FR0014006LE0 FRN SOFR USD

Serie 143 DUE 29 Sept 2031 FR0014005NA6 0.125% SDG

Serie 142 DUE 8 Sept 2034 FR0014005CB7 2.114%

Serie 141 DUE 25 NOV 2028 FR0014003YN1 0.01% SDG

Serie 139 DUE 26 MAY 2036 FR0014002GB5 0.3750%

Serie 136 DUE 22 JAN 2026 FR0014001L06 0.6250%

2020

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Serie 133 DUE 28 OCT 2027 FR0014000AU2 0.00% SDG

Serie 127 DUE 17 DEC 2021 FR0013521952 Floating Rate

Serie 125 DUE 28 APR 2023 FR0013509890 0.75%

Serie 124 DUE 25 MAY 2030 FR0013507993 0.50%

Serie 123 DUE 25 MAR 2025 FR0013483526 0.00%

Serie 121 DUE 31 MAY 2035 FR0013461688 0.50% (Tap)

Press releases

2022

Find below the press releases published in 2022:

Benchmark GBP 500M - January 2025

Benchmark EUR 1,5B - January 2025

First off-shore Dominican Peso (DOP) Bond

2021

Read our press releases:

Benchmark USD 600M - November 2024

Benchmark EUR 2B - September 2031

Benchmark EUR 1,5B - November 2028

Benchmark EUR 1.25B - May 2036

2021 Funding Program

Benchmark USD 2B - Jan 2026

2020

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Increase of AFD 2020 Funding Plan

First SDG Bond EUR 2B

Benchmark USD 2B - April 2023

Benchmark EUR 1.5B - May 2030

Climate Bond EUR 1B - March 2025

2020 Funding Program

2019

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Bond EUR 750M - May 2035

Benchmark EUR 2B – June 2029 0,25%

2019 Funding Program

Benchmark USD 2B – Jan 2021 2,75%

SDG bonds

2020

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Presentation of SDG Bonds Reporting

Reporting SDG Bond 2020

Information statement about the backing of funds raised (in French)

SDG Bond Framework

Vigeo Eiris' Second Opinion

Watch AFD Chief Executive Rémy Rioux's interview

Watch the "AFD SDG Bond Framework" webinar

2019

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Reporting Climate Bond 2019

Information statement about the backing of funds raised (in French)

2018

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Reporting Climate Bond 2018

Cicero’s Second Opinion on AFD’s Climate Bond Framework

Information statement about the backing of funds raised through the Climate Bon…

AFD's Climate Bond Framework

2017

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Reporting Climate Bond 2017

Cicero’s Second Opinion on AFD’s Climate Bond Framework

AFD’s Climate Bond Framework

2016

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Climate Bond Reporting - 31 December 2016 (French)

Information statement about the backing of funds raised through the Climate Bon…

2015

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Climate Bond Reporting 2015

Information statement about the backing of funds raised through the Climate Bon…

2014

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Climate Bond Reporting 2014 (French)

Information statement about the backing of funds raised through the Climate Bon…

Appendices of the Vigeo's Report on Sustainability of AFD's "Climate Bond"

Corporate social responsibility

Since 2005, AFD has been developing and implementing a Corporate Social Responsibility (CSR) approach, in both its internal operations and its financing. For the 2018–2022 period, AFD Group has adopted a new social responsibility policy that comprehensively covers all of its direct and indirect impacts.

View AFD Group's Corporate Social Responsibility policy

Visit our CSR page