By Michael Turner
LONDON, Sept 28 (IFR) - The Republic of France has launched a 4bn July 2047 eurozone inflation-linked bond at 16bp over its outstanding 1.8% July 2040 linker, according to a lead.
This is at the tight end of revised guidance of 17bp area over, inside guidance of 18bp area over and initial price thoughts of plus 'high teens', released earlier on Wednesday.
Demand for the deal is in excess of 8.6bn, including 1.65bn of interest from the joint lead managers.
BNP Paribas, Credit Agricole, JP Morgan, Natixis and RBS are managing the Reg S/144A transaction.
France is rated Aa2 by Moody's, AA by S&P and Fitch and AAA by DBRS, all with a stable outlook except S&P, which has the issuer on negative.
(Reporting by Michael Turner, Editing by Helene Durand) ((michael.turner@thomsonreuters.com))
LONDON, Sept 28 (IFR) - The Republic of France has launched a 4bn July 2047 eurozone inflation-linked bond at 16bp over its outstanding 1.8% July 2040 linker, according to a lead.
This is at the tight end of revised guidance of 17bp area over, inside guidance of 18bp area over and initial price thoughts of plus 'high teens', released earlier on Wednesday.
Demand for the deal is in excess of 8.6bn, including 1.65bn of interest from the joint lead managers.
BNP Paribas, Credit Agricole, JP Morgan, Natixis and RBS are managing the Reg S/144A transaction.
France is rated Aa2 by Moody's, AA by S&P and Fitch and AAA by DBRS, all with a stable outlook except S&P, which has the issuer on negative.
(Reporting by Michael Turner, Editing by Helene Durand) ((michael.turner@thomsonreuters.com))
