Open

Coming up

Don't miss

Replay


LATEST SHOWS

ENCORE!

Nobody From Nowhere, Asterix and Obelix and In The Family.

Read more

FACE-OFF

François Hollande's private life faces global scrutiny

Read more

FOCUS

One year on, what has Maidan changed in Ukraine?

Read more

WEB NEWS

Web users react to Ferguson grand jury decision

Read more

WEB NEWS

USA: Online reactions to the death of Tamir Rice

Read more

MIDDLE EAST MATTERS

Israel: Business is booming in gun shops

Read more

TALKING EUROPE

Monica Macovei, Former Romanian justice minister

Read more

IN THE PAPERS

'Inconsistency was the only constant with evidence in Michael Brown's case'

Read more

AFRICA NEWS

Nigeria: Two female bombers kill at least 30 in Maiduguri

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)