Seine-et-Marne becomes first French Department to issue CP

  • 20 Mar 2009
Seine-et-Marne has become the first French local government to issue commercial paper. The Department, as local government authorities are known in France, issued Eu30m of one month Billets de trésorerie (French CP) under its Eu250m programme.

The programme has a short-term rating of F1 plus from Fitch. It is ...

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