By Susanna Moon
Chicago, June 26 – The Republic of France (Aa2/AA/AA) priced €4 billion of 1.75% bonds due June 25, 2039 in the OAT format at 105.171 to yield 1.462%, according to a market source.
The bookrunners are BNP Paribas (bill and deliver), Citigroup, Credit Agricole CIB, Natixis and Societe Generale Corporate & Investment Banking.
The spread was 16 basis points over the outstanding 1.25% FRTR due May 2036.
That matched guidance of the 16 bps area, tightened from the 17 bps area.
The books closed above €13.75 billion, the source said.
France priced the initial €7 billion of the 1.75% 22-year green OAT at 100.162 to yield 1.741% on Jan. 24, 2017.
| Issuer: | France
|
| Issue: | OAT bonds
|
| Amount: | €4 billion
|
| Maturity: | June 25, 2039
|
| Coupon: | 1.75%
|
| Price: | 105.171
|
| Yield: | 1.462%
|
| Spread: | 1.25% Treasury due May 2036 mid 99.17/ 1.302% plus 16 bps
|
| Guidance: | 1.25% Treasury due May 2036 mid plus 16 bps, revised from 17 bps area
|
| Bookrunners: | BNP Paribas (bill and deliver), Citigroup, Credit Agricole CIB, Natixis and Societe Generale Corporate & Investment Banking
|
| Pricing date: | June 26
|
| Settlement date: | July 3
|
| Distribution: | Rule 144A, Regulation S
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Fitch:AA
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
