{"id":3345,"date":"2021-07-12T09:25:10","date_gmt":"2021-07-12T09:25:10","guid":{"rendered":"http:\/\/inbonis.com\/2024\/04\/18\/obligaciones-relance-la-apuesta-francesa-por-la-inversion-del-futuro\/"},"modified":"2025-01-06T20:28:20","modified_gmt":"2025-01-06T20:28:20","slug":"obligaciones-relance-la-apuesta-francesa-por-la-inversion-del-futuro","status":"publish","type":"post","link":"https:\/\/inbonis.com\/fr\/2021\/07\/12\/obligaciones-relance-la-apuesta-francesa-por-la-inversion-del-futuro\/","title":{"rendered":"Obligaciones Relance, la apuesta francesa por la inversi\u00f3n del futuro"},"content":{"rendered":"<p>El Plan Relance franc\u00e9s, dise\u00f1ado para permitir la recuperaci\u00f3n de las empresas francesas, es un buen ejemplo de c\u00f3mo fomentar la inversi\u00f3n a largo plazo. El plan no s\u00f3lo incluye los Pr\u00e9stamos Participativos, sino tambi\u00e9n las Obligaciones Relance. De los 20.000 millones de euros destinados a las pymes y empresas medianas francesas, entre 5.000 y 6.000 millones de euros se dedicar\u00e1n a Obligaciones Relance.<\/p>\n<p>Las obligaciones Relance no son obligaciones convertibles y, por lo tanto, no tienen ning\u00fan impacto en la estructura de capital de una empresa. La principal ventaja de este producto es el reembolso in fine, que tiene lugar al cabo de 8 a\u00f1os y que permite un margen de maniobra financiera a largo plazo. El coste de estos GOLD es tambi\u00e9n tres veces menor que el de una emisi\u00f3n de bonos convencional.<\/p>\n<p>Al igual que los PPR, los GOLD son un producto de deuda senior, lo que refuerza la solvencia de las empresas al ser considerados como cuasi-capital en el sentido del C\u00f3digo Monetario y Financiero. De acuerdo con el esp\u00edritu del plan de recuperaci\u00f3n, el objetivo es dar a las empresas tiempo para invertir y avanzar.<\/p>\n<p>Efectivamente, Francia ha pasado de la doctrina del &#8220;cueste lo que cueste&#8221; al &#8220;cuando valga la pena&#8221;. El n\u00famero de beneficiarios de este mecanismo GOLD ronda las 2.500 empresas (frente a las 10.000 del PPR y las m\u00e1s de 670.000 del PGE), lo que demuestra la gran selectividad de este programa. Esta selectividad se ve reforzada por el hecho de que los beneficiarios de GOLD deben tener una calificaci\u00f3n crediticia m\u00ednima de BB-.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Plan Relance franc\u00e9s, dise\u00f1ado para permitir la recuperaci\u00f3n de las empresas francesas, es un buen ejemplo de c\u00f3mo fomentar la inversi\u00f3n a largo plazo. El plan no s\u00f3lo incluye los Pr\u00e9stamos Participativos, sino tambi\u00e9n las Obligaciones Relance. De los 20.000 millones de euros destinados a las pymes y empresas medianas francesas, entre 5.000 y [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3345","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Obligaciones Relance, la apuesta francesa por la inversi\u00f3n del futuro - INBONIS RATING | The Credit Rating Agency for SME<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inbonis.com\/fr\/2021\/07\/12\/obligaciones-relance-la-apuesta-francesa-por-la-inversion-del-futuro\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Obligaciones Relance, la apuesta francesa por la inversi\u00f3n del futuro\" \/>\n<meta property=\"og:description\" content=\"El Plan Relance franc\u00e9s, dise\u00f1ado para permitir la recuperaci\u00f3n de las empresas francesas, es un buen ejemplo de c\u00f3mo fomentar la inversi\u00f3n a largo plazo. 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