AFT has just published its 2024 Annual Report. It presents the duties and organisation of Agence France Trésor in 2024.
The year 2024 was characterised by:
The issuance of €285 billion medium-and long-term securities, net of buybacks;
Financing conditions marked by strong demand across all securities offered by AFT, despite an uncertain environment and volatile markets, with the average cost of medium- and long-term debt issuance standing at 2.91% for the year;
The syndicated launch of three new benchmark securities: a 25-year green OAT, a 30-year OAT, and a long-term inflation-linked OAT indexed to European inflation:
The green OAT 3.00% 25 June 2049, in January 2024, for a record amount of €8 billion and a yield at issue of 3.201%;
The OAT 3.25% 25 May 2055, in February 2024, with a €8 billion and a yield at issue of 3.42%;
The OAT€i 0.95% July 25, 2043, launched in May 2024, with a €4 billion issuance and a real yield of 0.948%.
The issuance of €14.1 billion in green bonds.
An informative annual report for the general public and experts
The Annual Report presents the management of the State’s debt and cash flows, notably through the development of educational materials such as technical datasheets and an economic and financial glossary.
The financial and statistical reports are comprehensive technical documents for experts in public finance and market professionals that contain all the data relating to AFT’s activities.
To download the report, please click on the picture
Key figures in 2024
State net medium- and long-term financing programme in 2024: €285 billion
Short-term issuance in 2024: €201.2 billion in 3-month, 6-month and 12-month securities with a weighted average yield of 3.39%
Medium-term and long-term issuance in 2024: €339.9 billion with a weighted average yield of 2.91%
Negotiable debt securities outstanding at 31 December 2024: €2,602 billion
Buybacks at 31 December 2024: €54.8 billion
Average maturity of debt at 31 December 2024: 8 years and 172 days
Agence France Trésor's 2024 annual report can be found at: https://www.aft.gouv.fr/en/annual-reports
Information:
(+33) 1.40.04.15.50 – [email protected]