All of the bonds issued essentially by public institutions to cover their own financing requirements and which benefit from a federal government guarantee. The state only bears financial charges in the event of payment default by the issuer. In principle, institutions benefiting from a government guarantee must pay a premium.
Measures determined every year by the Minister of Finance on the basis of proposals from the Strategic Debt Committee, and which are applicable for the management of the debt. These directives relate to asset allocation, exchange risk, refinance and rate re-setting, and are executed by the Public Debt Agency.
All of the guarantees provided by the federal government to certain financial institutions in the context of the 2008 financial crisis. By way of compensation, the state collects a premium from these institutions.