France keeps 2024 bond issuance steady at 285 bln euros

AFT Pharmaceuticals

13/12/2023 11:30

PARIS, Dec 13 (Reuters) - France is keeping its 2024
borrowing plans steady despite a slightly lower financing
requirement than previously expected, the public debt management
agency said on Wednesday in a year-end update.
    The Agence France Tresor said it expected to issue 285
billion euros ($307 billion) in medium and long-term bonds net
of buybacks, unchanged from plans announced in September.
    AFT said that the overall financing requirement was now
slightly lower than expected in September because buybacks
conducted since then had reduced redemptions due next year.
    As a result, the issuance of Treasury bills was expected to
increase only 3.8 billion euros instead of the 7.7 billion
expected in September.
    Among new benchmark bonds in the pipeline, AFT said it aimed
to issue one 3-year, one 5 or 6-year, and one new 10-year bond
via auction.
    As for bonds that could be issued by bank syndications, AFT
said it would consider a new long-term green bond and a new
30-year benchmark, both depending on market conditions.
    In inflation-linked bonds, it said it would consider issuing
by syndicate a new 20-year bond tracking euro zone inflation if
there is market demand.
    ($1 = 0.9281 euros)

 (Reporting by Leigh Thomas; Editing by Sharon Singleton)
 ((leigh.thomas@thomsonreuters.com; +33 1 4949 5143;))