Financing Policy

An internationally-recognized signature allows AccorHotels to raise various forms of financing either through banks or through the issue of billets de trésorerie (commercial paper) in France and bonds in both French and international markets.

Generally, the Group’s policy is to finance its assets and operating requirements in the currency of the country concerned, in order to create a natural hedge and avoid any currency risk.

From time to time, the Group also takes advantage of market opportunities by raising financing in a given currency and at a given rate of interest and then using a swap to convert the facility into the currency and interest rate required to finance business needs.

By using these financial instruments, the Group is also able to optimize the cost of its resources and use subsidiaries’ excess cash without taking any currency risks.

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