France Issues 8 Billion Euros in New May 2057 OAT — Update
By Emese Bartha
France issued 8 billion euros ($9.52 billion) in a new May 2057-dated government bond, known as OAT, attracting strong demand in a syndicated transaction on Wednesday, one of the lead manager banks said.
Books for the new ultralong bond closed above 135 billion euros, including 2.45 billion euros in joint lead-manager interest, the same bank said.
The spread on the bond was set at 4 basis points above the May 2056 OAT. The new bond has a 4.40% coupon and it was priced at 99.329, at a yield of 4.439%, the same bank said.
BNP Paribas, Credit Agricole CIB, J.P. Morgan, Morgan Stanley and Societe Generale were joint lead managers of the transaction.
This was France's second syndicated bond transaction this year. On Jan. 14, France issued 10 billion euros in a new May 2046-dated OAT, with books closing in excess of 106 billion euros.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
February 11, 2026 07:16 ET (12:16 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
Tech Stocks Sell Off as Intel, Amazon Earnings Spook Investors
