2%

HUGE DE­MAND FOR FRENCH BOND

Finweek English Edition - - THE WEEK -

France at­tracted its high­est-ever or­der book for a new bond sale on 16 May, a clear in­di­ca­tion of the re­newed de­mand for the coun­try’s debt fol­low­ing the elec­tion of Em­manuel Macron as pres­i­dent, ft.com re­ported. The €7bn bond, priced with a coupon of 2%, ma­tures in May 2048 and at­tracted more than €31bn of or­ders, ft.com re­ported. “The mar­ket was ready to ab­sorb such a trans­ac­tion and there was no par­tic­u­lar up­side to wait to present the trans­ac­tion to in­vestors,” An­thony Re­quin, chief ex­ec­u­tive of Agence France Tré­sor, told ft.com. “To some ex­tent we had to re­vise our plans, and lis­ten to the call of the mar­ket.”

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