By Emese Bartha

France issued 3 billion euros ($3.21 billion) in a government bond indexed to the French consumer price index excluding tobacco via a bank syndicate on Wednesday, one of the bookrunner banks said.

The new March 2039 OATi has a 0.55% coupon, with the orderbook closing over EUR21.5 billion, including EUR2.5 billion in joint lead manager interest, the same bank said.

The spread of the new bond was set 13 basis points above the real yield of the 0.10% March 2036 OATi. The bond was priced at 98.57, at a real yield of 0.646%, the same bank said.

Bookrunner banks of the issue were Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank and J.P.Morgan.

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

(END) Dow Jones Newswires

June 07, 2023 10:43 ET (14:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.