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RFF is a 100 % French state owned entity, benefiting from the bankruptcy remote legal status of EPIC (Public Establishment of an Industrial and Commercial Nature) created by the law No. 97-135 of 13 February 1997 for the purpose of reorganising French rail transport. RFF is the owner and manager of France’s railway infrastructure.

10/07/11 and 10/14/11 : RFF adds-up € 150 millions, then € 100 to it Euro public 12 years benchmark (4.5% 30/01/2024) bringing the total outstanding to € 2,45 billions, via Barclays then HSBC

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October 2011 the 7th and 14th

RFF adds-up € 150 millions, then € 100 to it Euro public 12 years benchmark (4.5% 30/01/2024) bringing the total outstanding to € 2,45 billions, via Barclays then HSBC.

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Réseau Ferré de France : a top quality issuer…

  Long-term Short-term
Fitch AAA F1+
Moody’s Aaa P-1
Standard & Poor’s AA+ A-1+

…rare but recurrent in the international markets…

Annual long-term issuance since 1997

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Currency breakdown since 1997 




 

 

 








 

 


 

…with liquid benchmark issues focused on long-term maturities…

From money market products (commercial papers) to long-term issuances
2002 : Launch of a 50-year sterling market bond 
2003 : Launch of a 30-year euro bond 
2006 : Launch of a 25-year Swiss franc bond 
Launch of a 30-year Canadian dollar bond

…and innovative products in order to meet investors requirements…

Tailor made private placements, inflation linked bonds, and Public Private Partnerships (a new class of investment) 

 

 

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