Funding strategy

Ensuring the Group’s funding is a key objective of the Dexia Group resolution plan, validated by the European Commission in December 2012

The Dexia Group's funding strategy is principally based on the issuing of State guaranteed debt in the short and long term. The latter transactions are carried out in euros, US dollars and pounds sterling and take the form of public transactions (“benchmarking”). Dexia Crédit Local is also active in the “repo” market segment

Subordinated debt
Dexia holds two Hybrid Tier 1 debt instruments issued by Dexia Crédit Local and Dexia Funding Luxembourg  
Ratings
 
State guaranteed funding
Dexia Crédit Local is funded on the markets via a guarantee granted by the Belgian and French States  
Investor presentation
Click here to consult the investor presentation