24 July 2002: Four banks to study new eurozone price-index-linked bond

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Agency France Trésor has issued a working mandate to Banque Nationale de Paris - Paribas, Barclays Capital and Morgan Stanley as well as Natexis - Banques Populaires to develop the market of eurozone price-index-linked bonds, as announced on 11 July by Mr Mer, French Minister of the Economy, Finance and Industry.

This study will determine the timeliness to launch a new eurozone price-index-linked bond (HICP excluding tobacco) and how to harmoniously co-ordinate this new bond with existing index-linked bonds. The French Minister of the Economy, Finance and Industry is expected to make a decision around the end of September based on the conclusions of this study and market developments.