EUROFIMA’s borrowing operations serve both the core lending business and EUROFIMA’s own liquidity requirements. This is fulfilled via bond issuances and commercial paper funding in the international capital markets. The borrowing strategy applicable for 2023 is based on three pillars.
- Euro-denominated issuances in green bond format (“Euro Green Curve”) as the core financing instrument which serves only to finance lending activities to railways
- Diversification of funding activities with issuance in Euro non-green format and/or US dollar-denominated issuances to fund internal liquidity needs as well as opportunistic funding in other currencies (i.e., SEK, CHF, AUD) to fund railway demand
- Short-term funding via Commercial Paper for short-term EFC requests and internal liquidity needs
You can find below a summary of our semi-annual Funding Strategy.