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Coface raises €700m three-year loan

Coface has raised a €700 million ($823 million) three- year loan from Natixis, Societe Generale, BNP Paribas, Credit Agricole, and BRED as part of its three year capital reorganisation announced in September 2016. The plan targets cost savings of €30 million by 2018 and a return on average tangible equity of over 9%.

11 August 2017