By Laura Contemori – ROME (Econostream) – France’s Agence France Trésor (AFT) on Thursday issued €13.999 billion across four medium-term Treasury bonds (OATs).

AFT sold €3.977 billion of the OAT 2.40% due September 24, 2029, at a weighted average price of 98.09% and a weighted average rate of 3.04%, for a bid-to-cover ratio of 2.70.

For the OAT 1.50% due May 25, 2031, AFT allotted €2.850 billion at a weighted average price of 92.34% and a weighted average rate of 3.23%. The bid-to-cover ratio was 3.11.

For the OAT 3.25% due February 25, 2032, the agency allotted €4.887 billion at a weighted average price of 99.47% and a weighted average rate of 3.35%, for a bid-to-cover ratio of 2.64.

Finally, the agency sold €2.285 billion of the OAT 3.50% due November 25, 2033, at a weighted average price of 99.48% and a weighted average rate of 3.58%, for a bid-to-cover ratio of 2.67.

Total bids reached €38.607 billion.

Settlement for all four lines was scheduled for July 20, 2026.

AFT said the total amount issued could be increased by non-competitive bids 2 (NCT2) on July 17, 2026.