France Sells EUR5 Billion in New May 2053 Government Bond

07/06/2021 | 09:15am

By Emese Bartha

France sold 5 billion euros ($5.93 billion) in new, May 2053-dated government bonds, or OATs, via a bank syndicate on Tuesday, said one of the bookrunner banks.

The spread on the bond was set three basis points above the 0.75% May 2052-dated OAT, said the same bank. The new bond, which carries a 0.75% coupon, was priced at 95.376, at a reoffer yield of 0.918%. The transaction attracted more than EUR28 billion in demand.

Lead manager banks of the deal were Barclays, BNP Paribas, BofA Securities, Credit Agricole CIB and Nomura.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

07-06-21 0914ET

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