France mandates for linker as inflation expectations rise

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By Burhan Khadbai
07 Jul 2020

France hit screens on Tuesday to announce a new long-dated inflation-linked benchmark at a time when market participants are bracing for the return of inflation due to the vast amount of monetary stimulus and spending by governments in response to the coronavirus pandemic.

BNP Paribas, Citi, Crédit Agricole, HSBC and Nomura have been appointed to lead France’s new March 2036 OATi, which is linked to the France index of consumer prices (excluding tobacco).

The bond will be reopened according to investors’ demand and to ensure its ...

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