Commentary

High French Public Sector NEU CP Issuances Driven by Increasing Funding Needs and Greater Financing Diversification

Sovereigns, Sub-Sovereign Governments

Summary

French public sector entities increased their year-on-year NEU CP issuances by 31% to EUR 300 billion in 2020. This growth was mainly driven by increasing funding needs reflecting the impact of the Coronavirus Disease (COVID-19) pandemic on public finances last year.

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