Agence France Trésor
The French borrowing team is widely praised for getting its innovations right
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Coeuré: Has established a unique relationship with bond investors |
Bankers pay France the ultimate compliment for a sovereign borrower. In its day-to-day financing and cash management, it is as boring as possible. Agence France Trésor (AFT), which manages France’s central government debt, wins plaudits for the smooth running of its monthly long-dated and short-dated auctions. But this only serves to highlight its regular innovations as a borrower.
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