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Commercial Paper Programme

Commercial papers are special securities that companies use in the form of Commercial Paper Programmes to raise capital on the money market.

What's it all about?

  • Commercial Paper Programmes help raise short-term capital
  • METRO has long been using these programmes

A Commercial Paper Programme offers companies the opportunity of raising short-term capital based on commercial papers (CP). Commercial papers are bonds – a special form of security – that companies issue onto the money market to raise short-term funds.

Agreement between bank and issuer

Usually, bank and issuer negotiate a Commercial Paper Programme. For example, METRO uses the Euro Commercial Paper Programme introduced in 1999 to cover short and medium-term capital needs.

The METRO sCore strategy sets the goals until 2030. Successes can also be seen in the figures for the 2022/23 financial year.