I can answer this question. I'm Nicolas Moreau. I'm the general director of the funds management division. It's a very good question. Thank you.
We will have a larger share in the two-, three-, and five-year sectors. This is strictly by construction. As you know, when we issue two-year bonds in order to have about the same amount for 10 years, we need to do five times more two-year than 10-year bonds. When you look at the overall structure of our debt right now, about 40% have been issued in the 10-year and 30-year sectors. For the rest of the debt, it's about 40% in the two-year to five-year sector and 20% in T-Bills.
For this year, we will increase our T-bill issuance, because last year we were surprised on the upside with revenues, which have resulted in a lower financial requirement. When we do our adjustments, we always do our adjustments in the T-bill sector. Since we want to be as transparent as possible to the market in with our bond program, we always adjust in the more liquid sector, the T-bills, and we leave the rest of the bond program unadjusted for the year. Therefore, in terms of the proportion this year, we'll keep our share of 20-40-40 about constant, relative to last year.