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.

  • 03 Dec 2010
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, ...

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2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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5 Credit Suisse 76,186.18 204 6.58%