By Emese Bartha

 

France sold 3 billion euros ($3.40 billion) in a new ultralong government bond indexed to eurozone inflation excluding tobacco, or OATei, in a syndicated deal on Tuesday, one of the bookrunner banks said.

The issue attracted more than EUR23.5 billion in demand at close of the books, including EUR2.95 billion demand from the joint lead manager banks.

The new OATei has a 0.10% coupon and will mature in July 2053.

The spread on the bond was set 14 basis points above the real yield of the 0.10% July 2047 OATei, the same bank said.

Joint bookrunners of the issue are BNP Paribas, Citi, Credit Agricole CIB, J.P. Morgan and Societe Generale.

 

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

 

(END) Dow Jones Newswires

January 25, 2022 07:35 ET (12:35 GMT)

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