Crédit Agricole CIB again supports a large French government inflation-linked bond issue
Crédit Agricole CIB provided support to the French Government, through the Agence France Trésor (AFT), in a new €4 billion 30-year OAT bond (Obligation Assimilable du Trésor)* issue indexed to the Eurozone price index (OATei).
Largely oversubscribed, this issue allowed the French government to reach a very diverse investor base of over 110 subscribers. This is the first time since 2007 that France has issued inflation-linked sovereign bonds with such a long maturity. It is also the first time that AFT has used syndication techniques twice in a single year; CACIB was also joint bookkeeper for an issue last April. It also marks the fourth time in a row that CACIB has been mandated by the French Government.
* The modern version of traditional government bond issues, these securities, issued for two to fifty years, offer unequalled liquidity in France.