France Sells EUR4 Billion in New July 2043 OATei — Update
By Emese Bartha
France issued 4 billion euros ($4.34 billion) in new government bonds linked to the European harmonized index of consumer prices, excluding tobacco, known as OATei, via a bank syndicate on Wednesday, one of the bookrunner banks said.
The new July 2043 OATei has a 0.95% coupon, the same bank said. Books for the transaction closed in excess of EUR40 billion, including EUR4.4 billion joint lead manager interest.
The spread was set 7 basis points above the real yield of the 1.80% July 2040 OATei, the same bank said. The bond was priced at 99.408, at a yield of 0.984%, the same bank said.
Joint lead managers of the transaction were BNP Paribas, Citi, Credit Agricole CIB, HSBC, J.P. Morgan and Morgan Stanley.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
May 22, 2024 09:49 ET (13:49 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Is It Time to Ditch Your Money Market Fund for Longer-Term Bonds?
-
What’s Happening In the Markets This Week
-
4 Reasons Why Today’s Stock Market Is Delivering Impressive Performance
-
What Does Nvidia’s Stock Split Mean for Investors?
-
5 Undervalued Stocks to Buy as Their Stories Play Out
-
Markets Brief: Return of the Meme Stocks
-
It’s Been a Terrible Time for Bonds. Here’s Why You Should Own Them
-
Which AI Stocks Are Turning Hype Into Revenue?
-
Tesla: Shareholder Vote Reduces Key Person Risk
-
After Earnings, Is CrowdStrike Stock a Buy, a Sell, or Fairly Valued?
-
Adobe’s Strong Quarterly Results Drive Share Gains
-
What Does Broadcom’s Stock Split Mean for Investors?
-
5 Ultracheap Stocks to Buy With the Best Returns on Investment
-
Broadcom Earnings: AI Sales Growth Accelerates
-
Oracle Earnings: IaaS Signings More Than Make Up for Miss
-
This Undervalued Stock Is a Buy After Its Dividend Increase