French agency duo wrap up 2019 funding below target

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By Burhan Khadbai
25 Nov 2019

Two French public sector agencies have closed their borrowing programmes for the year below their planned size, with one agency cutting short its funding by almost a third.

Unédic, the French employment agency, had planned to raise €4.5bn in 2019, with up to €2.5bn issued in an explicitly guaranteed format. However, it is has closed its programme having raised €3.1bn.

“[We] funded a bit less simply because of a better employment situation in France,” said Jun ...

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