Subtitle
TREASURY BONDS LINKED TO THE FRENCH CONSUMER PRICE INDEX (OATi)
ISIN Code
FR001400IKW5
Type of security
Linked to the final Consumer Price Index, excluding tobacco, for all households in metropolitan France and its Overseas Départements.
Currency of issue
Euro
Nominal value
1 Euro
Maturity date
Redemption
Using the following formula: face value × indexation coefficient at the redemption date, with a floor at par
Coupon
0.55 % × par value x indexation coefficient
Interest
Annual, paid on 1 March of each year
Calculation basis: ACT/ACT
Calculation basis: ACT/ACT
Dated date
Benchmark on the OAT dated date
113,42000
Issuance procedure
Syndication for the first issuance, then “Dutch” auctions for the following issuances
Issuance laws and regulations
2020 Budget Act n°2019-1479 of 28 December 2019 (French only, no English version)
Decree n°2019-1545 of 30 December 2019 on issuance of Treasury securities, and Article 1 in particular (French only, no English version.)
Order creating the security
Decree of 6 June 2023 (NOR : ECOT2315346A)
Legal characteristics
RegS, 144A
Like all euro area bonds, the bonds issued after 1 January 2013 have collective action clauses (CACs), which means that they are not fungible with bonds issued prior to this date.
Like all euro area bonds, the bonds issued after 1 January 2013 have collective action clauses (CACs), which means that they are not fungible with bonds issued prior to this date.
Strippable
yes, as from 14 June 2023
Record of outstandings
Date
Type of operation
Syndication
Total amount issued
3,000,000,000
Weighted average price
98.57
Weighted average rate
0.65
Date
Type of operation
Auction
Total amount issued
445,000,000
Weighted average price
96.00
Weighted average rate
0.84
Outstanding *
3,445,000,000