Caisse D'amortissement De La Dette Sociale (CADES) was established in France to manage and amortize social debt. Based in Paris, CADES plays a crucial role in financing the French social security system by issuing bonds to cover its accumulated deficits and future obligations. The company primarily offers long-term bonds, which serve as a vital funding mechanism for social expenditure.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
CADES began its bond issuance program in 1996 and has since become a key player in the French bond market. Notable issuances include the €6 billion bond in 2020 aimed at addressing the impact of the COVID-19 pandemic on social funds. Currently, CADES bonds yield competitively within the industry, appealing to investors looking for stable, government-backed securities, with features that often include tax exemptions for certain bondholders. The issuer's commitment to transparency and its strategic role in managing social debt continue to make it a significant entity in the financial landscape.