The Agence France Trésor reserves the right to cancel an auction listed on the calendar if exceptional market conditions warrant it, or to hold an extra auction according to its borrowing needs and market trends.
Furthermore, the State reserves the right to create new, long- or medium-term lines during the year, or to issue further tranches of previous issues in accordance with market conditions. The State also reserves the right to use banking syndicate issue procedures.
The exact nature of the State issues will be communicated to the market in the days preceding each auction with information on the volume of the issues.
MAJ : 21 Dec. 2012