FRANCE AUCTION PREVIEW: On offer next week
May-16 09:05
France has announced it will be looking to sell a combined E10.5-12.5bln of the following MT OATs at its auction next Thursday, May 22:
- the 2.40% Sep-28 OAT (ISIN: FR001400XLW2)
- the 2.70% Feb-31 OAT (ISIN: FR001400Z2L7)
- the 0% May-32 OAT (ISIN: FR0014007L00)
France has also announced it will be looking to sell a combined E1.5-2.0bln of the following I/L OATs at another auction on that Thursday, May 22:
- the 0.10% Jul-31 OATei (ISIN: FR0014001N38)
- the 3.15% Jul-32 OATei (ISIN: FR0000188799)
- the 1.80% Jul-40 OATei (ISIN: FR0010447367)
- the 0.10% Jul-53 OATei (ISIN: FR0014008181)
Additionally, France has announced it will be looking to sell up to a combined E7.6bln of the following BTFs at its auction next Monday, May 19:
- E2.6-3.0bln of the 13-week Aug 20, 2025 BTF
- E1.5-1.9bln of the 26-week Nov 19, 2025 BTF
- E0.2-0.6bln of the 28-week Dec 3, 2025 BTF
- E1.7-2.1bln of the new 52-week May 20, 2026 BTF
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GILT AUCTION RESULTS: 0.125% Jan-28 Gilt Tender
Apr-16 09:04
| 0.125% Jan-28 Gilt | |
| Amount | GBP1.50bln |
| Avg yield | 3.631% |
| Bid-to-cover | 3.84x |
| Tail | 0.0bp |
| Avg price | 90.776 |
| Low price | 90.776 |
| Pre-auction mid | 90.737 |
EGB SYNDICATION: Italy 7-year BTP / 30-year BTPei: Spreads set
Apr-16 09:02
7-year BTP:
- Spread set at 3.15% Nov-31 BTP +13bps (guidance was +14bps area)
- Size: EUR benchmark (MNI expects E7-13bln)
- Books in excess of E49bln (inc E5.1bln JLM interest)
- Maturity: 15 July 2032
- ISIN: IT0005647265
- Coupon: Short first on 15 July 2025
30-year BTPei:
- Spread set at 0.15% May-51 BTPei RY +36bps (guidance was +38bps area)
- Size: E3bln WNG
- Books in excess of E39bln (inc E2.8bln JLM interest)
- Maturity: 15 July 2032
- ISIN: IT0005647273
- Coupon: First full on 15 May
For both:
- Settlement: 25 April 2025 (T+5)
- Bookrunners: BBVA / BofA / GSBE SE / JPM (DM/B&D) / Natixis / Societe Generale
- Timing: Books to close at 10:45BST / 11:45CET
From market source / MNI colour
MNI: EUROZONE MAR FINAL HICP +0.6% M/M, +2.2% Y/Y
Apr-16 09:00
- MNI: EUROZONE MAR FINAL HICP +0.6% M/M, +2.2% Y/Y
- EUROZONE MAR FINAL CORE HICP +1% M/M, +2.4% Y/Y
Related by topic
OATs
France
