PARIS: France's debt agency will go ahead with an optional bond auction on Aug. 6, aiming to raise 4.5-5.5 billion euros ($4.9-6.0 billion) as investors have resumed buying after a deal on Greece, debt agency chief Anthony Requin told Reuters on Friday.
Debt agency AFT has often cancelled the optional August auction because of a summer lull on markets but decided to proceed with the sale this time because demand is strong, Requin said.
He cited "the positive assessment of current market conditions, which have stabilised with a calmer Greek situation, which prompted many investors to resume buying." Greece reached an eleventh-hour deal with creditors on July 13 to open talks on a third bailout, allaying fears that it could exit the euro zone. AFT will put 2023, 2025, 2032 and 2060 bonds on sale
. Even before next week's auction, AFT has completed 80 percent of its 187-billion euro debt issuance plan for the year, Requin said, adding that this was about the same rate at the same period of 2014.
The average rate for debt of over one year has been of 0.57 percent so far in 2015 versus 1.31 percent in 2014, he said.
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