France Raises €9.49B In Note Sale

The French treasury agency has raised €9.49 billion in a monthly sale of obligations assimilables du tresor bonds,The Wall Street Journalreports. The €2.8 billion notes, sold in the first tranche, carry a coupon rate of 3.75% and are due to mature on Oct. 25, 2019.

The second tranche of €2.99 billion notes, which carry a coupon rate of 2.50%, will mature on Oct. 25, 2020. The third tranche of €1.75 billion notes, expected to mature on April 25, 2026, were sold at an interest of 3.50%, while the €1.93 billion notes, due on Oct. 25, 2032, carry 5.75% interest rate.

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