By Laura Contemori – ROME (Econostream) – Agence France Trésor (AFT) on Thursday allotted €13.998 billion of long-term government bonds (OATs) across four lines.

AFT sold €9.226 billion of the 3.70% OAT due November 25, 2036, €1.971 billion of the 4.00% OAT due October 25, 2038, €1.711 billion of the 3.60% OAT due May 25, 2042, and €1.090 billion of the 4.40% OAT due May 25, 2057.

Total bids reached €37.044 billion, resulting in bid-to-cover ratios ranging from 2.41 to 3.33 across the four securities.

The 2036 OAT was allotted at a weighted average rate of 3.80% and a weighted average price of 99.16%. The 2038 OAT was allotted at a weighted average rate of 3.92% and a weighted average price of 100.76%.

The 2042 OAT cleared at a weighted average rate of 4.16% and a weighted average price of 93.58%, while the 2057 OAT was allotted at a weighted average rate of 4.55% and a weighted average price of 97.56%.

The stop prices were 99.15% for the 2036 line, 100.72% for the 2038 line, 93.56% for the 2042 and 97.54% for the 2057 line. The 2036 bond was allotted 73.36% at the stop price, while the other three lines were fully allotted at their respective stop prices.

Settlement for all four lines was scheduled for June 8, 2026.

The total amount issued may be increased through non-competitive bids 2 (NCT2), which will take place on June 5, 2026, AFT said.