Cades eyes up Eu20bn loan as 2011 target trebles to Eu70bn

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Cades eyes up Eu20bn loan as 2011 target trebles to Eu70bn

Caisse d’Amortissement de la Dette Sociale (Cades) is looking to raise up to Eu20bn through the syndicated loan market in the new year, as the French agency looks to tap new sources of funding to meet its increased target of Eu70bn for 2011.

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