Cades eyes up Eu20bn loan as 2011 target trebles to Eu70bn

03 Dec 2010

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.

The new credit facility, which will be arranged through co-ordinator Société Générale, will be sized between Eu10bn and Eu20bn, according to loans bankers familiar with the transaction.The Aaa/AAA/AAA borrower has tapped the loan market before, signing a one year Eu10bn revolver through BNP Paribas, Crédit Agricole, HSBC, JPMorgan, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.