France Sells EUR5 Billion in New May 2043 Government Bond -- Update

By Emese Bartha

France sold 5 billion euros ($4.97 billion) in new May 2043-dated government bonds, or OATs, via a syndicate of banks on Tuesday, one of the lead manager banks said.

Order books for the issue closed in excess of EUR32.5 billion, including EUR1.4 billion demand from the joint lead managers. The spread on the bond was set 7 basis points above the yield of the 0.50% May 2040 OAT, the same bank said. The bond, which has a 2.5% coupon, was priced at 98.471, at a yield of 2.596%.

Lead managers of the issue were BNP Paribas, BofA Securities, Deutsche Bank, HSBC and J.P.Morgan.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

09-06-22 0935ET