The popularity of the Unédic brand remains strong
Carried out against a backdrop of high market volatility due to the geopolitical situation, this new issue confirms the appeal of Unédic’s credit rating on the bond markets. The order book reached €5.6 billion, enabling the issue size to be set at €3 billion.
The interest rate set, at 3.306%, reflects investors’ confidence in Unédic’s management of the unemployment insurance scheme, with a spread of just 9 basis points compared to comparable French Treasury bonds.
Two-thirds of the 2026 funding programme has now been achieved
This fundraising brings the completion of the €10 billion financing programme for 2026 to 65%. The programme aims to cover the projected deficit, refinance medium- and long-term debt maturities incurred in particular during the Covid period, and continue to reduce short-term debt in order to protect the scheme against interest rate and refinancing risks.
Funds earmarked for securing career pathways
The issue complies with the ICMA’s Social Bond Principles, an international framework that guarantees transparency regarding the use of funds. In line with its mission, Unédic intends to allocate these resources to protecting employees against economic uncertainties and supporting them towards sustainable employment.
Breakdown by investor type
Breakdown by geographical area
