British baker Greggs taps government finance to get through coronavirus crisis
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LONDON (Reuters) - British baker Greggs , whose shops have been shuttered by the coronavirus emergency, has secured credit from a government support scheme to meet its liquidity needs for a prolonged closure period, it said on Friday.The company said it now had sufficient available credit to cover a scenario where its shops were unable to trade for the rest of the year.Greggs has so far issued 150 million pounds ($186 million) of commercial paper under the government's Covid Corporate Financing..