The EIB, a catalyst for Long Term
Financing
Clément Fourchy
EIB – Advisory Services
Amsterdam, 7 April 2014
OECD/APG Works...
2
The EIB, a long term financial institution
The EU’s Bank: a bank driven by LT policy objectives (support
growth and empl...
3
Blending to support LT financing
Stimulate supply of LT financing through some initiatives co-designed
and implemented w...
4
Advising to support LT financing
Act as a facilitator between financial markets and policy-makers (e.g.
contribution to ...
5
European Investment Bank
Clément FOURCHY
Principal Adviser
Advisory Services / EPEC
Phone: (+352) 4379 70257
E-mail: c.f...
6
European Investment Bank Disclaimer
This Presentation is incomplete without reference to, and should be viewed solely in...
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The EIB, a catalyst for Long Term Financing - Clément Fourchy - OECD-Risklab-APG Workshop on pension fund regulation and long-term investment

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This presentation by Clément Fourchy, EIB, was made at the OECD-Risklab-APG Workshop on pension fund regulation and long-term investment held in Amsterdam on 7 April 2014. Discussions focused on: long-term pension investment strategies under risk-based regulation; riskiness and procyclicality in pension asset allocation; and, regulatory challenges for long-term illiquid assets.

For more information, please visit:
http://www.oecd.org/daf/fin/private-pensions/OECD-APG-workshop-pension-fund-regulation-LTI.htm

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The EIB, a catalyst for Long Term Financing - Clément Fourchy - OECD-Risklab-APG Workshop on pension fund regulation and long-term investment

  1. 1. The EIB, a catalyst for Long Term Financing Clément Fourchy EIB – Advisory Services Amsterdam, 7 April 2014 OECD/APG Workshop on Pension Fund Regulation and Long Term Financing
  2. 2. 2 The EIB, a long term financial institution The EU’s Bank: a bank driven by LT policy objectives (support growth and employment, support European integration, etc.) A LT lender… The larger multilateral lender world wide Nature of its activities: EUR 72 billion in 2013 on e.g. LT infrastructure financing and MT/LT SMEs intermediated financing Average maturity of 10 years; up to 35 years for some infrastructure projects and a LT borrower Most frequent public international bond issuer (EUR 70 billion in 2013) Average maturity of 10 years; up to 32 years A holistic and systemic approach: Lending, Blending, Advising
  3. 3. 3 Blending to support LT financing Stimulate supply of LT financing through some initiatives co-designed and implemented with the EU Commission Project Bonds Initiative (PBI - pilot phase) Credit enhancement of project bonds Either subordinated loan or contingent facility EUR 230 million helping mobilising up to EUR 4 billion of private financing Last project: Belgium’ A11 PPP (EUR 578 million) Loan Guarantee Instrument for Trans-European Transport Network Projects (LGTT) Limit risk bearing on traffic- related revenues in the early stages of PPP transport projects Stand-by liquidity facility up to 20% of the senior debt and/or EUR 200 million per project Example: South Europe Atlantic HSL
  4. 4. 4 Advising to support LT financing Act as a facilitator between financial markets and policy-makers (e.g. contribution to the EC Green Paper on LT financing) Stimulate both demand and supply of LT financing: Strenghten project owners’ capacities to implement more and better projects (investment pipeline): Governments and procuring authorities – EPEC, JASPERS Financing plans for research and development activities - RDI Other workstreams on: Economic and legal standardisation of infrastructure deals Securitisation of banks’ existing infrastructure debt profolios (with some LTIC partners) Solutions to improve information quality and quantity about infrastructure deals (past performance and future deals)
  5. 5. 5 European Investment Bank Clément FOURCHY Principal Adviser Advisory Services / EPEC Phone: (+352) 4379 70257 E-mail: c.fourchy@eib.org Thank you for your attention. Questions?
  6. 6. 6 European Investment Bank Disclaimer This Presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the European Investment Bank (“EIB”). The terms and conditions are intended as an outline for discussion purposes only and made on an indicative basis. All figures set forth in this Presentation are subject to change, to a satisfactory due diligence and to all necessary internal approvals of EIB (in particular of its credit committees). The information in this Presentation reflects the prevailing conditions and the view of EIB as of this date and are accordingly subject to change and based on carefully selected sources believed to be reliable. EIB has not independently verified this information and does not make any representation or will be liable that such information is accurate, valid, timely and complete. This Presentation is provided without any liability whatsoever by EIB and shall not constitute any obligation of EIB to extend credit facilities to the Company or to carry out a due diligence review of the aspects relevant for the financing of the Project. Neither this presentation nor any of its contents may be duplicated, published or used for any other purposes without the prior written consent of EIB. European Investment Bank
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