Cades seeks up to Eu35bn in bond, loan, CP markets

Cades, the government agency that pays off France?s social security deficit, will seek up to Eu35bn of extra financing this year, as it assumes extra debts from the French government.

  • 09 Jul 2004

The healthcare reform bill now passing through the French parliament is set to transfer up to Eu35bn of debt to Aaa/AAA/AAA rated Cades.

?We are working on how Cades would fulfil the Eu35bn commitment and considering our whole spectrum of funding instruments,? said Christophe Frankel, ...

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