France sells extra 1.51bn euros of bonds

PARIS: France sold an extra 1.510 billion euros of fixed-rate bonds on Monday, following an auction last week, French debt management agency Agence France Tresor said.

The AFT has sold a total 9.895 billion euros of of 8-, 10- and 32-year bonds at the auction, with yields on the rise, tracking a worldwide trend triggered by the US Federal Reserve's plans to wind down its monetary stimulus plan.

Under the French system, buyers not only submit competitive bids but also have the option, for a limited period after the sale, of buying extra securities at the average auction price.