France aims to stick to 2020 bond issuance plans as previously flagged, the public debt management agency said on Wednesday in an end of the year update.
Agence France Tresor said it planned to issue 205.0 billion euros ($225.95 billion) of medium and long-term debt next year net of buybacks, in line with plans when the 2020 budget bill was first presented in September.
AFT said that the state's fiscal deficit that would need to be financed next year was expected to stand at 93.4 billion euros, marginally bigger than 93.1 bln euro budget shortfall indicated in September.
The bond issuance would also cover the redemption of 136.4 billion euros in government debt as well as some other debts to be redeemed next year.
AFT said it would consider after consulting with primary dealers the possibility of issuing by bank syndicate a new 30-year bond based on market demand.
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