Buyer Credit


Purchase of equipment, infrastructures, and related services from a French exporter


Sovereign, sub-sovereign, public owned entities, bank or corporate, located in countries covered by Bpifrance Assurance Export



The amount of the credit is based on goods and services purchased through the commercial contract.

Aditionally, the financing can include the Bpifrance Assurance Export insurance premium (Bpifrance Assurance Export acting on behalf of the French State).

Funded Portion
Maximum of 85% of the "rapatriable portion"of the commercial contract.
A local portion of the contract can be included for a value amounting up to 30% of the value of the "rapatriable portion".

Within the "rapatriable portion" of the commercial contract, the foreign portion (items purchased outside of France) cannot exceed:

  • 80% for exporters with a yearly tunover inferior or equal to EUR 150m (social statements)
  • 50% for exporters with a yearly turnover exceeding EUR 150m

The commercial contract must require a minimum downpayment of 15% of the "eligible portion".

Amount of the credit
Minimum EUR 5m, maximum EUR 25m on a stand-alone basis and up to a EUR 75m participation in a banking syndicate.


Split into two periods :

  • A preliminary period, or drawing period, generally lasting up to 2 years,
  • A repayment period of 3 to 10 years (depending on the type of goods financed and the country of destination) starting on the delivery date or the provisional acceptance date.

Repayment period
Consecutive and equal installments

Half-yearly in arrears

Financial Terms

PricingFixed rates : Subject to current pricing conditions. Floating rate :indexed on 6 months Euribor spot rate  (half-yearly installments)Fees
  • Arrangement Fee: Flat, calculated on the total amount of credit,
  • Commitment fee: per annum, calculated on the undrawn portion of the credit, starting on the date of signing of the loan agreement until the beginning of the repayment period,
  • Legal and administration costs incurred by the borrower. 

Credit insurance and garantees

The 95% insurance cover of Bpifrance Assurance Export is mandatory and can be completed by asset securities.


Co-financing (funding through a banking syndicate) will be favored for a financing amounting to more than EUR 10m.