Renault wheels out €5bn state-guaranteed loan, few concessions requested in return

Renault Captur
By Mike Turner
03 Jun 2020

Renault, the French car company, has arranged an up to €5bn short-term credit facility backed by its government, as fierce complaints have followed similar guarantees in other industries.

The deal has a 12 month maturity, with the option to extend for another three years.

The French government, which owns 15% of Renault, is guaranteeing 90% of the transaction. BNP Paribas, Crédit Agricole, HSBC, Natixis and Société Générale are providing the funds.

Loans bankers from two of the lenders ...

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