Cades lining up for €4bn in 2020

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By Lewis McLellan
13 Jan 2020

Caisse d’Amortissement de la Dette Sociale has a €4bn funding programme lined up for 2020, matching the total it raised in 2019.

The borrower will bring in €3bn in “mid and long-term funding”, although all of its bonds will mature by 2025 at the latest, because it intends to have completed the amortisation of French social debt by 2024.

Cades also intends to raise €12bn in commercial paper, of which ...

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