PARIS (MNI) – The French Treasury Thursday tapped its new 3.0%
10-year benchmark OAT on Thursday along with its 4.25% October 2017
line, its 3.75% Ocober 2019 line and its 3.5% April 2026 OAT for a total
of E7.991 bilion.
Yields were significantly lower than at the most recent previous
auctions on three of the four issues for which comparable data are
available.
(Following results in billions of euros.)
[[ 4.25% 2017 3.75% 2019 3.0% 2022 3.5% 2026 ]]
Settlement date March 6 March 6 March 6 March 6
Maturity October 2017 October 2019 April 2022 April 2026
Volume announced
Bid amount 3.395 3.425 8.575 4.350
Allocated amount 0.825 1.250 3.915 2.001
Bid-Cover ratio 4.12 2.74 2.19 2.17
Non-comp. bids 0 0 0 0
Lowest price 112.38 108.71 100.77 102.16
Pct lowest price 100% 100% 100% 85%
Weighted avg yield 1.91% 2.48% 2.91% 3.30%
Avg weighted price 112.40 108.73 100.81 102.27
Previous avg yield 2.42% na 3.13% 3.65%
Previous auction December 1 na February 2 December 1
[TOPICS: M$F$$$,MGX$$$,MNXAU$,M$X$$$]
