Renault finalises 5 billion euro state-backed loan

PARIS (Reuters) - Renault finalised on Wednesday a 5 billion euro (4.45 billion pounds) loan from with the French government, strengthening the carmaker's finances in the wake of the coronavirus pandemic which has ravaged the auto industry.Renault said that the credit facility carried a guarantee from the French state - which owns a 15% stake in Renault - of up to 90% of the total amount borrowed.Banks BNP Paribas , Credit Agricole , HSBC France , Natixis and SocGen were involved in the..