By Laura Contemori – ROME (Econostream) – France’s Agence France Trésor (AFT) on Thursday raised €1.258 billion through an auction of three inflation-indexed government bonds (OAT€i).

For the 3.15% OAT€i due July 25, 2032, AFT allotted €465 million against bids totaling €1.375 billion, implying a bid-to-cover ratio of 2.96. The bond cleared at a weighted average price of 112% and a weighted average rate of 1.10%.

AFT also sold €465 million of the 0.10% OAT€i due July 25, 2038. Demand reached €1.275 billion, resulting in a bid-to-cover ratio of 2.74. The bond was allotted at a weighted average price of 82.41% and a weighted average rate of 1.72%.

For the 1.80% OAT€i due July 25, 2040, AFT allotted €328 million against bids of €993 million, with a bid-to-cover ratio of 3.03. The bond cleared at a weighted average price of 100.10% and a weighted average rate of 1.79%.

All bids served at the stop price were fully allotted across the three lines.

Total demand amounted to €3.643 billion.

Settlement for all three lines was scheduled for June 22, 2026.

The final amount issued may be increased by non-competitive bids 2 (NCT2) to be held on June 19, 2026, AFT said.