Business & Finance

France to sell 8.5-10.0bn euros of medium-term bonds July 17

Published July 11, 2014 Updated July 11, 2014 12:21pm

1 min

By Shoaib Ur Rehman

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PARIS: France plans to sell 7.5-8.5 billion euros ($21.8 billion) of fixed-rate, medium-term bonds at a regular auction on July 17 as well as 1.0-1.5 billion of bonds linked to French or euro zone inflation, the AFT public debt management agency said on Friday.

Fixed-rate lines on offer are a November 2016 OAT, an April 2018 OAT and a November 2019 OAT.

Also on offer are July 2018 and July 2024 OATs linked to euro zone inflation, and a July 2021 OAT linked to French inflation.

The debt agency also said an auction initially planned for August 7 was being canceled - a common occurrence in the peak summer holiday season.

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