The charter ” Euro PP” which must guide the financing of ETI ( midsize ) through private placements has been officially launched by Bercy.
Initiated in 2013 under the auspices of the Bank of France and the Chamber of Commerce and Industry Paris Ile- de- France , the charter ” Euro PP” must provide a standard framework for SMEs and ETI who wish to directly fund from investors in the form of loans or bond issues.
Among the actors involved in the project , the FFSA ( French Federation of Insurance Companies) and GEMA (Group of Mutual Insurance Companies ) have formally confirmed their adherence to this policy. ” This pragmatic collaboration between all financial actors allows us to offer many companies , including the ETI and SMEs, an important source of alternative financing. “Euro PP ” operations and help to support the return to growth, ” welcomed Bernard Spitz, President of the French Federation of Insurance Companies , in a statement sent to AFP.
For their part, Michel Sapin , Minister for Finance and Public Accounts , and Arnaud Montebourg, Minister of Economy welcomed this ” proactive and consensual approach involved the overall objective of strengthening and diversifying tools service financing of the economy . “
