Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Kasai province killings : government releases footage allegedly showing execution of UN investigators

Read more

MEDIAWATCH

France's First Round Controversies

Read more

THE CAMPAIGN BEAT

"Front National" makes it to the second round for the first time since 2002

Read more

THE DEBATE

Macron vs. Le Pen: Unprecedented Choice in French Presidential Election (part 1)

Read more

THE DEBATE

Macron vs. Le Pen: Unprecedented Choice in French Presidential Election (part 2)

Read more

ENCORE!

Khatia Buniatishvili, the 'pop star pianist'

Read more

IN THE PAPERS

French press review: Macron 'just a step away' from Elysée Palace

Read more

THE CAMPAIGN BEAT

Will the traditional alliance against France's National Front work in round two?

Read more

TALKING EUROPE

Greek Cypriot negotiator: 'We regret that Turkey is distancing itself from Europe'

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)