
Aware of investors needs and high level of expectations, RFF is always particularly careful to liquidity, transparency, and innovation each time it issues on debt capital markets.
October 2009 the 21st
RFF increases its 15 year euro public bond (RFF 4,50% 30/01/2024) by a further €250 millions via HSBC and BNP, bringing the total size to €1.75 billion.
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Réseau Ferré de France…
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.
…a top quality issuer…
…rare but recurrent in the international markets…
Annual long-term issuance since 1997

Currency breakdown since 1997
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…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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