France tests extent of SSA recovery with 50 year
What a difference a week makes. Just days after the European government bond market passed arguably its toughest test yet, with the sale of Greece’s Eu5bn10 year bond, Agence France Trésor is in the market with a 50 year deal to be priced at 2bp-4bp over the 2055 OAT. Elsewhere the euro floodgates are wide open for public sector issuers keen to get into the market before the EU’s March 16 judgement on Greece's deficit reduction. Neither Belgium nor Finland’s deals were priced at the tight end of guidance, or reached their expected Eu5bn, but the EIB did achieve Eu5bn on its first EARN of the year.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
