Borrowing

EUROFIMA is a well-established domestic and international borrower in the capital markets, attracting both retail and institutional investors.

The organization is an issuer of relatively stable volumes and raises funds averaging CHF 3 billion per year in the capital markets.

Its funding strategy builds on three pillars:

•	EUR and USD benchmark issues. EUROFIMA issued tenors of 2, 3, 5 and 10 years in USD and has currently 6 outstanding 1 billion benchmarks maturing from 2013 to 2017. In EUR it has one outstanding 1 billion benchmark maturing in 2021.
•	Complete curve in Australian dollars and Swiss francs. EUROFIMA offers liquid lines with maturities ranging from 2011 to 2022 in the domestic AUD market and to 2030 in its own domestic CHF market.
•	Currency diversification. Beyond its strategic focus on the mentioned four markets, the organization offers bonds in several other markets. At December 31, 2010 it had outstanding bonds in 12 different currencies.