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France’s Unedic taps bookrunners for €1 billion 10-year social bond
Chicago, April 25 – Unedic (Aa2//AA) chose bookrunners for an upcoming 10-year social bond offering that will be €1 billion, according to a market source.
BNP Paribas, Citigroup, JPMorgan, Natixis and NatWest have been given the mandate.
The republic of France will guarantee the bonds.
Proceeds will be used exclusively to carry out missions that meet the eligibility criteria under Unedic’s social bond framework.
The French unemployment insurance agency is based in Paris.
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