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LT OATs

FRANCE AUCTION PREVIEW
  • France will come to the market to sell E10-11bln LT OATs.
  • The on-the-run 10-year and 30-year OATs will be on offer (0% Nov-31 and 0.75% May-53 OAT) alongside the 2.50% May-30 OAT and the 1.75% May-66 OAT.
  • The latter two OATs have not been sold yet in 2021.
  • The 0.75% May-53 OAT was launched via syndication on 6 July for E5bln from books of E28bln at a price of 95.376 and yield of 0.918%. This will be its first reopening.
  • The auction history for the 0% Nov-31 OAT is below.
  • Timing: Results will be available shortly after the auction closes at 9:50BST/10:50CET.

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