France Sells EUR3 Billion in New July 2053 OATei, Gets Strong Demand
25 January 2022 - 12:50PM
Dow Jones News
By Emese Bartha
France sold 3 billion euros ($3.40 billion) in a new ultralong
government bond indexed to eurozone inflation excluding tobacco, or
OATei, in a syndicated deal on Tuesday, one of the bookrunner banks
said.
The issue attracted more than EUR23.5 billion in demand at close
of the books, including EUR2.95 billion demand from the joint lead
manager banks.
The new OATei has a 0.10% coupon and will mature in July
2053.
The spread on the bond was set 14 basis points above the real
yield of the 0.10% July 2047 OATei, the same bank said.
Joint bookrunners of the issue are BNP Paribas, Citi, Credit
Agricole CIB, J.P. Morgan and Societe Generale.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
January 25, 2022 07:35 ET (12:35 GMT)
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