Monthly Review of the commercial paper (NEU CP) and medium-term note
(NEU MTN) market in March 2026

Overview of the commercial paper and medium-term note market
billions of euros

Outstanding amount at
the end of the month M

Issuance amount
of the month M

Early repayments
of the month M

Matured Debt
of the month M

Outstanding amount at
the end of the month M-1

Number of issuers
of the month M

298.2

153.2

-8.7

-157.7

311.2

194

Financial issuers (except
ABCP issuers)

206.2

113.6

-8.6

-113.4

214.3

65

Non-financial issuers

59.3

26.7

0.0

-27.3

60.0

110

Public issuers

25.3

6.9

-

-12.7

31.1

16

ABCP issuers

7.4

6.0

-

-4.3

5.8

3

43.5

3.3

-0.1

-0.7

41.1

14

Financial issuers (except
ABCP issuers)

29.9

1.5

-0.1

-0.7

29.2

11

Non-financial issuers

5.2

0.3

-

-0.1

5.0

2

Public issuers

8.4

1.5

-

-

6.9

1

341.7

156.4

-8.8

-158.5

352.2

NEU CP

NEU MTN

Total

Source : Banque de France
Monthly Review produced on 04/07/2026
More information about the NEU CP / NEU MTN market on the website Banque de France

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Contact : NEUCPMTN.REPORTING@banque-france.fr