OAT€i 1.85% 25 July 2027

Subtitle
TREASURY BONDS LINKED TO THE EURO AREA PRICE INDEX (OAT€i)
ISIN Code
FR0011008705
Type of security
Linked to the euro area Harmonised Index of Consumer Prices, excluding tobacco
Currency of issue
Euro
Nominal value
1 Euro
Maturity date
Redemption
face value × indexation coefficient at the redemption date, with a floor at par
Coupon
1.85% × par value x indexation coefficient
Interest
Annual, paid on 25 July of each year
Calculation basis: ACT/ACT
Dated date
Benchmark on the OAT dated date
93.72591
Issuance procedure
Syndication for the first issuance, then “Dutch” auctions for the following issuances
Issuance laws and regulations

2011 Budget Act 2010-1657 of 29 December 2010 (French only, no English version)

Decree 2010-1722 of 30 December 2010 on issuance of Treasury securities (French only, no English version)

Order creating the security

Decree of 9 February 2011 (NOR: EFIT1104169A - French only, no English version)

Legal characteristics
RegS, 144A
Strippable
Yes
Record of outstandings
Date
Type of operation
Syndication
Total amount issued
3,000,000,000
Weighted average price
99.32
Weighted average rate
1.90
Date
Type of operation
Auction
Total amount issued
418,000,000
Weighted average price
103.96
Weighted average rate
1.57
Date
Type of operation
Auction
Total amount issued
314,000,000
Weighted average price
100.84
Weighted average rate
1.79
Date
Type of operation
Auction
Total amount issued
470,000,000
Weighted average price
106.45
Weighted average rate
1.38
Date
Type of operation
Auction
Total amount issued
309,000,000
Weighted average price
107.88
Weighted average rate
1.28
Date
Type of operation
Auction
Total amount issued
255,000,000
Weighted average price
105.25
Weighted average rate
1.46
Date
Type of operation
Auction
Total amount issued
482,000,000
Weighted average price
108.47
Weighted average rate
1.23
Date
Type of operation
Auction
Total amount issued
524,000,000
Weighted average price
116.63
Weighted average rate
0.67
Date
Type of operation
Auction
Total amount issued
335,000,000
Weighted average price
117.44
Weighted average rate
0.60
Date
Type of operation
Auction
Total amount issued
687,000,000
Weighted average price
116.65
Weighted average rate
0.64
Date
Type of operation
Auction
Total amount issued
438,000,000
Weighted average price
116.57
Weighted average rate
0.64
Date
Type of operation
Auction
Total amount issued
655,000,000
Weighted average price
119.67
Weighted average rate
0.43
Date
Type of operation
Auction
Total amount issued
395,000,000
Weighted average price
112.84
Weighted average rate
0.88
Date
Type of operation
Auction
Total amount issued
494,000,000
Weighted average price
111.57
Weighted average rate
0.95
Date
Type of operation
Auction
Total amount issued
481,000,000
Weighted average price
111.22
Weighted average rate
0.97
Date
Type of operation
Auction
Total amount issued
293,000,000
Weighted average price
119.88
Weighted average rate
0.26
Date
Type of operation
Auction
Total amount issued
323,000,000
Weighted average price
121.73
Weighted average rate
0.12
Date
Type of operation
Auction
Total amount issued
617,000,000
Weighted average price
128.28
Weighted average rate
-0.41
Date
Type of operation
Auction
Total amount issued
725,000,000
Weighted average price
122.79
Weighted average rate
-0.04
Date
Type of operation
Auction
Total amount issued
488,000,000
Weighted average price
126.26
Weighted average rate
-0.35
Date
Type of operation
Auction
Total amount issued
540,000,000
Weighted average price
123.68
Weighted average rate
-0.20
Date
Type of operation
Auction
Total amount issued
543,000,000
Weighted average price
127.12
Weighted average rate
-0.52
Date
Type of operation
Auction
Total amount issued
478,000,000
Weighted average price
129.87
Weighted average rate
-0.75
Date
Type of operation
Auction
Total amount issued
525,000,000
Weighted average price
131.03
Weighted average rate
-0.89
Date
Type of operation
Auction
Total amount issued
750,000,000
Weighted average price
125.52
Weighted average rate
-0.51
Date
Type of operation
Auction
Total amount issued
637,000,000
Weighted average price
125.17
Weighted average rate
-0.56
Date
Type of operation
Auction
Total amount issued
1,328,000,000
Weighted average price
123.67
Weighted average rate
-0.46
Date
Type of operation
Auction
Total amount issued
610,000,000
Weighted average price
126.27
Weighted average rate
-0.74
Date
Type of operation
Auction
Total amount issued
979,000,000
Weighted average price
124.04
Weighted average rate
-0.62
Date
Type of operation
Auction
Total amount issued
729,000,000
Weighted average price
125.67
Weighted average rate
-0.83
Date
Type of operation
Auction
Total amount issued
973,000,000
Weighted average price
127.19
Weighted average rate
-1.00
Date
Type of operation
Auction
Total amount issued
1,026,000,000
Weighted average price
124.66
Weighted average rate
-0.85
Date
Type of operation
Auction
Total amount issued
339,000,000
Weighted average price
122.71
Weighted average rate
-0.76
Date
Type of operation
Auction
Total amount issued
861,000,000
Weighted average price
113.78
Weighted average rate
-0.79
Date
Type of operation
Auction
Total amount issued
650,000,000
Weighted average price
119.37
Weighted average rate
-1.87
Date
Type of operation
Auction
Total amount issued
762,000,000
Weighted average price
105.50
Weighted average rate
0.43
Date
Type of operation
Auction
Total amount issued
1,129,000,000
Weighted average price
102.89
Weighted average rate
0.90
Outstanding *
24,562,000,000

* On each bond, the outstanding amount is equal to the issued amount (gross amount) minus the buybacks