PARIS: France sold an additional 1.48 billion euros of long-term bonds, known as OATs, after an auction last Thursday, debt management agency Agence France Tresor said on Monday.
The AFT said it sold an extra 86 million euros of the 4.25 percent OAT due October 2018, 887 million euros of the 2.25 percent October 2022 OAT and 508 million euros of the 4.50 percent April 2041 OAT.
The non-competitive sales brought to 9.45 billion euros the total France raised from the three lines offered in the Oct. 4 auction.
Under the French system, buyers not only submit competitive bids at the auction, but also have the option, for a limited period after the sale, of buying extra securities at the average auction price.
The amount of securities they can buy after the auction at the average sale price is calculated according to how active they have been at previous sales.
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