Investor Relations

Legal and financial information on Bpifrance for capital market investors, and, particularly, on its bond issue programmes and reference documents.

Legal financial information

  • Prospectus

    The Programme’s original Base Prospectus was registered with France’s Financial Markets Authority (AMF) on July 27th, 2011. 

    The latest release of this Base Prospectus was registered with the AMF on 12 June 2020.

    Download prospectus, first, second and third supplements


  • Current Bond Outstandings : 31,378 M€

    Bpifrance put in place a Euro Medium Term Notes (EMTN) Programme to tap capital markets.  Its current ceiling is 45 billion euros since 12 June 2020. The securities issued under this framework benefit from the guarantee of the EPIC Bpifrance and have been rated Aa2 by Moody’s Investors Service and  AA by  Fitch Ratings.

    As per the EMTN Programme, Bpifrance also issued a 300M £ outstanding.



    These documents are free non-binding translations included for information purposes only.  The French language reference documents shall prevail.

    Download the annual reports


  • Distribution By Investor Type

  • Press releases


  • Bond Issues By Maturity Date

  • Semi-annual Consolidated Accounts

    Semi-annual Consolidated Accounts

    Download the semi-annual statements


Other financial information

  • Investors Presentation

    Overview of Bpifrance, funding strategy, bond issuer activity report, financials & risk management.


    Bpifrance notifies investors, through the services of the Bank of France, that it has set up two issue programmes of negotiable debt securities, on the domestic market, benefitting from the guarantee of the EPIC Bpifrance, and rated Aa2 by Moody’s Investors Service and  F1+ by Fitch Ratings:

    → the NEU CP Programme has been capped at €6 billion

    → the NEU MTN Programme has been capped at €4 billion.



    To have access to the latest ratings granted to the Programmes, please click on the following links:

    site Moody's

    site Fitch


  • Other prudential requirements

    Required prudential publications according to the eighth part of European Regulation No 575/2013


  • Covid-19 Response Bond Framework

    Covid-19 Response Bond Framework from Bpifrance 

  • COVID-19 Response Bonds Presentation

    Bpifrance at a glance, Bpifrance emergency measures and response bond to Covid-19 crisis, Funding strategy

  • Indicative Calendar of Financial Communication

    This calendar is settled on by Bpifrance group’s governance and will be subject to updates, it is based on the consolidation work of the group's accounts. This calendar is provided for indicative and information purpose only, it may be subject to changes, we can never rule out changes of dates, therefore, we recommend checking them regularly on this website.

  • Bpifrance_Green Bond Framework Second Party Opinion by Cicero

    SPO from Cicero Shades of Green on Bpifrance Green Bond Framework

  • Bpifrance_Green Bond Framework

    Green Bond Framework from Bpifrance

  • Bpifrance_Covid-19 Response Bond Annual Reportings

    From 2021, Impact & Allocation Report for Covid-19 Response Bond

  • Green Bond Presentation

    Introduction to Bpifrance’Climate Plan and Green Bond issuing, in light of the increasing urgency for a greener economy.