It took two years, but the first French CBO since 2008 was finally launched in late July. The deal's portfolio comprises 19 bonds granted to as many medium-sized companies. As of July 2012, the portfolio's current balance was roughly €30 million ($37.6 million).
Paris-based independent cooperative finance firm Groupe GIAC arranged the €80 million cash transaction. GIAC provides long-term financing to French companies.