France auctions 1.33bn euros in inflation linked bonds

PARIS: France sold 1.33 billion euros in three lines of inflation-linked bonds at auction following a conventional medium-term debt sale, debt management agency Agence France Tresor said on Thursday.

AFT said it sold 445 million euros of OATs maturing in July 2022, and 325 million euros of OATS maturing in July 2027, both linked to euro-zone inflation.

It also sold 560 million euros of a French inflation-linked BTAN due in July 2016 at a negative yield of -1.02 percent.

Investors put in bids for more than 3 times the amount sold for each line in the auction, which followed an earlier sale of 7.49 billion euros in fixed-rate, medium-term bonds.