The risk-minimising character of the EAA's funding structure is vital to its ability to perform its societal function. Funding gaps must be bridged in an economically viable manner, and at matching maturities, whenever possible. In addition to NRW.BANK and the State of North Rhine-Westphalia, the EAA is the third issuer rated as "NRW sub-sovereign risk" on the capital market.

In order to fulfil its public function and live up to its social responsibility, the EAA follows the following principles on the capital markets:


  • The EAA is rated as "NRW sub-sovereign risk".
  • The duties of the EAA's stakeholders to offset losses are stipulated in the Charter in accordance with the statutory provisions.
  • The EAA's social mandate is the focal point of its Actions.


  • EAA has established its profile in the capital market. Over the coming year EAA will continue issuing benchmark-sized bonds.
  • The EAA intends to deal in accepted funding instruments under issuance programmes in both EUR and in USD.


  • As a public law entity within the German Federal Agency for Financial Market Stabilisation (Bundesanstalt für Finanzmarktstabilisierung - FMSA), the EAA complies with the strictest notification requirements.
  • The binding mandate to wind up assets includes a transparent reporting System.
  • The EAA makes information available on its website in a timely manner.