Rent a car in France

Leading car rental companies have joined the growing chorus of organisations keen to fill the gaps in funding brought about by reduced bank lending. In the past week, Europcar has generated 250 million euros through bond issues aimed at providing assistance to boost their rental fleets, while rival Hertz raised 400 million euros through a similar undertaking. Europe’s other leading player, Avis Europe, has also announced their intention to raise up to 130 million euros through a new stock issue. Barclays Capital’s high-yield credit analyst, Eugene Regis, said the move would result in a potential higher payment to the respective companies for [...]