Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Top opposition figure arrested in Burundi

Read more

MEDIAWATCH

"Is the UK still located in Europe?"

Read more

DEBATE

Crossing a red line: French mayor slammed for profiling Muslim students

Read more

DEBATE

Down to the wire: UK election poll shows main parties neck and neck

Read more

ENCORE!

Film show: 'A Thousand Times Goodnight', 'My Old Lady' and 'Titli'

Read more

FOCUS

UK election: Health system a key issue in Wales

Read more

FACE-OFF

Le Pen vs Le Pen: France's far-right family feud turns epic

Read more

MIDDLE EAST MATTERS

Saudi Arabia: Behind the royal family reshuffle

Read more

BUSINESS DAILY

Oil industry cuts an election issue in Scotland

Read more

France

France raises €9.5 billion in post-downgrade bond sale

Text by News Wires

Latest update : 2012-01-19

France on Thursday met its target of selling €9.5 billion in its first longer-term bond sale since Standard & Poor's decision to downgrade the country's prized AAA rating.

AFP - France has easily sold €9.5 billion ($12.2 billion) in bonds in its first longer-term auctions since it lost its prized triple A credit rating from Standard & Poor’s.

The yields, or interest rates, demanded by investors on a range of bonds fell across the board on Thursday compared to similar auctions in recent months.

It was another sign that investors are shrugging off the S&P’s downgrade of France’s credit rating last week. Some analysts have said that’s because France was already paying a premium to borrow money from markets even before the move.

The yield on 10-year bonds on the secondary market, where they trade openly after they’re issued, fell to 3.12 percent, indicating that investors feel France remains a fairly good bet.
 

Date created : 2012-01-19

  • FRANCE

    Sarkozy calls unions, labour leaders for crisis talks

    Read more

  • FINANCE

    How S&P’s downgrade will impact France

    Read more

  • EUROZONE

    Standard and Poor's downgrades French credit rating

    Read more

COMMENT(S)