26 May 2020: Creation of a new 20-year OAT

As considered in the implementing conditions of the 2020 revised State financing programme published on 18 May, Agence France Tresor announces the creation of a new 20-year OAT, the OAT 25 May 2040. This new bond, whose details will be announced later on, will be issued by syndication in the following days, depending on market conditions.

The joint lead managers will be Barclays, BNP Paribas, Deutsche Bank, NatWest Markets and Société Générale. All primary dealers (SVT) will be part of the syndicate.

This new bond will be reopened afterwards, according to market demand and in order to ensure its liquidity.


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