Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Climate change: the heat is on

Read more

WEB NEWS

Cambodian garment workers demand minimum wage

Read more

BUSINESS DAILY

Air France pilots reject offer to stop controversial expansion

Read more

IN THE PAPERS

France under threat

Read more

ENCORE!

Weekly Music Show: Tony Bennett and Lady Gaga's new album

Read more

AFRICA NEWS

Frenchman kidnapped in Algeria: 'IS'-linked jihadists claim abduction of 55 year-old tourist

Read more

DEBATE

What's the deal with Turkey? (part 2)

Read more

MEDIAWATCH

The Sarkozy soap opera

Read more

DEBATE

What's the deal with Turkey?

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)