By Emese Bartha

France sold 4 billion euros ($4.29 billion) in the first-ever sovereign green inflation-linked bond in a syndicated transaction on Wednesday, said one of the bookrunner banks.

The orderbooks of the deal closed in excess of EUR27.5 billion, including EUR2.3 billion joint lead manager demand, said the same bank.

The spread on the new green inflation-linked bond, or OATei, was set 12 basis points above the real yield of the 0.10% July 2036 OATei.

Bookrunners of the deal were Barclays, BNP Paribas, Credit Agricole CIB, Natixis and Societe Generale.

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

(END) Dow Jones Newswires

May 25, 2022 07:27 ET (11:27 GMT)