16 October 2025: AFT’s issuance: 11.499 billion euros of medium-term OATs

This morning, Agence France Trésor auctioned the OAT 2.40% 24 September 2028, the OAT 2.50% 25 May 2030, the OAT 2.70% 25 February 2031 and the OAT 0.00% 25 November 2031.

See below for auction details.

The total amount issued may be increased by non-competitive bids 2 (NCT2), which will take place on Friday 17 October 2025.

OAT
24/09/2028
2.40%
OAT
25/05/2030
2.50%
OAT
25/02/2031
2.70%
OAT
25/11/2031
0.00%
Auction date 16/10/2025 16/10/2025 16/10/2025 16/10/2025
Settlement date 20/10/2025 20/10/2025 20/10/2025 20/10/2025
Amount bid* 12,766 6,281 9,250 5,560
Amount served* 4,707 2,403 2,650 1,739
Stop price 100.49% 100.07% 100.31% 84.77%
Percentage served at stop price 100.00% 100.00% 100.00% 83.12%
Bid to cover ratio** 2.71 2.61 3.49 3.20
Weighted average price 100.50% 100.08% 100.32% 84.78%
Weighted average rate 2.22% 2.48% 2.63% 2.74%
ISIN Code FR001400XLW2 FR0011883966 FR001400Z2L7 FR0014002WK3