Description / Explanation

Axione Infrastructures shareholders the Fonds d'Investissement et de Développement des Partenariats Public-Privé (FIDEPPP) investment fund (which is owned by Groupe Caisses d’Epargne and managed by Mirova, a Natixis Asset Management subsidiary), the Caisse des Dépôts, Bouygues Energies & Services and Axione (Bouygues Construction subsidiaries) have worked with the European Investment Bank and the European Commission to issue France and the European Union's first ever 'project bond'1 for digital infrastructure. The bond issue was managed by Natixis and offers a practical financial and industrial solution to the challenge of providing digital services to areas of low population density. In support of France's superfast broadband plan (France Très Haut Débit), which is "the Government's biggest infrastructure programme", Axione Infrastructures is conducting the very first issue in France of "project bonds", an innovative form of finance launched by the European Commission and the European Investment Bank (EIB) in 2012, the aim of which is to speed up the mobilisation of private capital for European infrastructure projects, in particular the roll-out of fibre optics in sparsely populated areas ("public initiative areas").