Société Générale Assurances (Sogecap) has announced it would invest €800m ($957m) to help French SMEs recover from the economic dip linked to the COVID-19 pandemic.
The investments will take the form of government guaranteed loans to be refunded after eight years. To benefit from the loans, companies will need to have reported at least €2m of turnover in 2019.
Amidst high take-up in office market in the Scottish capital
Institutional investors obtained 57.75% of the bonds that were issued
The rating agency also questioned whether the proposal would have the desired effect of channelling investments to specific parts of the economy
Through collaboration with Bank of China units
Replacing Lazard with Cohen & Steers Capital Management
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