TREASURY BONDS LINKED TO THE FRENCH CONSUMER PRICE INDEX (OATi)
Type of security
Linked to the final Consumer Price Index, excluding tobacco, for all households in metropolitan France and its Overseas Départements.
Using the following formula: face value × indexation coefficient at the redemption date, with a floor at par
0.10% × par value x indexation coefficient
Annual, paid on 1 March of each year
Calculation basis: ACT/ACT
Benchmark on the OAT dated date
Syndication for the first issuance, then “Dutch” auctions for the following issuances
Issuance laws and regulations
Order creating the security
Like all euro area bonds, the bonds issued after 1 January 2013 have collective action clauses (CACs), which means that they are not fungible with bonds issued prior to this date.
yes, as from 15 July 2020