Agence France Locale will make its stage entrance in November with the launch of a €1 billion benchmark bond.
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| We want to show to all French governments issuing debt that they have their place in AFL Yves Millardet |
Yves Millardet, CEO, says the issue will show French local authorities and markets that the embryonic agency is “an important actor”. It expects to raise up to €2 billion in 2015.
Critical timing decisions remain in the hands of the French regulator, which is negotiating governance structures with AFL.
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