20 November 2025: AFT’s issuance: 1.000 billion euros of inflation-indexed OATs

This morning, Agence France Trésor auctioned the OAT€i 0.10% 25 July 2036, the OAT€i 1.80% 25 July 2040 and the OAT€i 0.10% 25 July 2053.

See below for auction details.

The total amount issued may be increased by non-competitive bids 2 (NCT2), which will take place on Friday 21 November 2025.

OAT€i
25/07/2036
0.10%
OAT€i
25/07/2040
1.80%
OAT€i
25/07/2053
0.10%
Auction date 20/11/2025 20/11/2025 20/11/2025
Settlement date 24/11/2025 24/11/2025 24/11/2025
Amount bid* 1,696 986 671
Amount served* 544 281 175
Stop price 85.65% 100.18% 58.98%
Percentage served at stop price 84.44% 100.00% 100.00%
Bid to cover ratio** 3.12 3.51 3.83
Weighted average price 85.67% 100.22% 59.01%
Weighted average rate 1.57% 1.78% 2.06%
ISIN Code FR0013327491 FR0010447367 FR0014008181