By Laura Contemori – ROME (Econostream) – France’s Agence France Trésor (AFT) on Thursday raised €13.999 billion through an auction of four medium-term government bonds (OATs) maturing between 2029 and 2034.

AFT issued €4 billion of the 2.40% OAT due September 24, 2029. Demand reached €12.860 billion, resulting in a bid-to-cover ratio of 3.22. The bond was allotted at a weighted average price of 98.61% and a weighted average rate of 2.85%.

For the 3.25% OAT due February 25, 2032, AFT allotted €5.3 billion against bids totaling €14.079 billion. The bond cleared at a weighted average price of 100.60%, corresponding to a weighted average rate of 3.13%, with a bid-to-cover ratio of 2.66.

The 2.00% OAT due November 25, 2032 attracted €7.999 billion of bids, with €2 billion served. The bond cleared at an average price of 93.04%, corresponding to a weighted average rate of 3.22% and a bid-to-cover ratio of 4.00.

Finally, AFT sold €2.699 billion of the 3.00% OAT due November 25, 2034. Bids totaled €7.321 billion, producing a bid-to-cover ratio of 2.71. The bond was allotted at a weighted average price of 96.74% and a weighted average rate of 3.45%.

Total demand across the four lines amounted to €42.259 billion.

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

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