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5/10-year OATei, 10-year OATi

FRANCE AUCTION PREVIEW
MNI (London)
  • France will also come to the market this morning to sell E1.25-1.75bln of the 5/10-year OATei and the 10-year OATi.
  • On offer will be:
  • 0.10% Mar-26 OATei. ISIN: FR0013519253.
  • 0.10% Jul-31 OATei. ISIN: FR0014001N38.
  • 0.10% Mar-32 OATi. ISIN: FR0014003N51.
  • Auction history:
  • Today’s auction will see the tenth reopening of the 0.10% Mar-26 OATei, which was launched in June 2020 for E2.43bln. The most recent reopening was on November 18 last year, issuing E565mln at a yield of -2.380%, resulting in a bid-to-cover of 3.41x.
  • The 0.10% Jul-31 OATei will be reopened for the fourth time today, following its E2.37bln launch in January 2021. Following auctions were smaller in size, the most recent being on September 16 last year, which saw E541mln issued at a yield of 1.680% and bid-to-cover of 2.40x.
  • Today will be the second reopening of the 0.10% Mar-32 OATi, which was launched via conventional auction in May 2021. The first reopening was on October 21, issuing E299mln at an average yield of -1.410%, resulting in a bid-to-cover of 3.36x.
  • Timing: Results will be available shortly after the auction closes at 10:50GMT / 11:50CET.
MNI London Bureau | +44 203-865-3812 | lucy.hager@marketnews.com
MNI London Bureau | +44 203-865-3812 | lucy.hager@marketnews.com

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