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Markets

French new-issue bond yields higher

Published November 17, 2011 Updated November 17, 2011 02:22pm

cbnasPARIS: France raised 6.976 billion euros in new two and five-year government bond sales on Thursday but was forced to pay a higher yield amid acute concerns over the euro-zone debt crisis.

The AFT state debt management agency announced the sale of the BTAN bonds, fixed rate treasuries with annual interest, shortly after the spread between German and French debt hit its highest level since the launch of the euro.

Copyright AFP (Agence France-Presse), 2011

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