France sells extra 2.4bn euros of bonds after Thursday auction

PARIS: France sold on Friday an extra 2.1 billion euros medium-term bonds and 343 million euros of inflation-linked bonds after an auction on Thursday, the Agence France Tresor public debt management agency said on Friday.

The non-competitive bids meant that AFT sold a total 10.6 billion euros ($11.96 billion) of medium-term bonds and 1.843 billion euros of inflation-indexed bonds at the 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. For full results from the auction see for medium term bonds and for inflation-linked bonds.