France creates the first euro-dominated index-linked bond with a maturity of 15 years
AFT 15-01-2004
Agence France Trésor announces the issue of the 15-year OAT€i, linked to the euro zone HICP consumer price index (excluding tobacco). It bears a coupon of 2.25 per cent. The real rate of interest at launch is 2.37 per cent, implying a break even inflation of 2.26 per cent. The price was 98.37.
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