Subtitle
TREASURY BONDS LINKED TO THE FRENCH CONSUMER PRICE INDEX (OATi)
ISIN Code
FR0014003N51
Type of security
Linked to the final Consumer Price Index, excluding tobacco, for all households in metropolitan France and its Overseas Départements.
Currency of issue
Euro
Nominal value
1 Euro
Maturity date
Redemption
Using the following formula: face value × indexation coefficient at the redemption date, with a floor at par
Coupon
0.10% × par value x indexation coefficient
Interest
Annual, paid on 1 March of each year
Calculation basis: ACT/ACT
Calculation basis: ACT/ACT
Dated date
Benchmark on the OAT dated date
104.09
Issuance procedure
“Dutch” auctions
Issuance laws and regulations
2021 Budget Act n°2020-1721 of 28 Decembre 2020 (French only, no English version)
Decree n° 2020-1728 of 29 Decembre 2020 on issuance of Treasury securities, and Article 1 in particular (French only, no English version)
Order creating the security
Decree of 14 May 2021 (NOR: ECOT2115068A - French only, no English version)
Legal characteristics
RegS, 144A
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.
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.
Strippable
yes, as from 15 July 2021
Record of outstandings
Date
Type of operation
Auction
Total amount issued
2,497,000,000
Weighted average price
112.68
Weighted average rate
-1.01
Date
Type of operation
Auction
Total amount issued
389,000,000
Weighted average price
116.93
Weighted average rate
-1.41
Date
Type of operation
Auction
Total amount issued
590,000,000
Weighted average price
115.61
Weighted average rate
-1.33
Date
Type of operation
Auction
Total amount issued
625,000,000
Weighted average price
111.77
Weighted average rate
-1.01
Date
Type of operation
Auction
Total amount issued
564,000,000
Weighted average price
112.55
Weighted average rate
-1.11
Date
Type of operation
Auction
Total amount issued
101,000,000
Weighted average price
110.33
Weighted average rate
-0.93
Date
Type of operation
Auction
Total amount issued
485,000,000
Weighted average price
101.20
Weighted average rate
-0.03
Date
Type of operation
Auction
Total amount issued
640,000,000
Weighted average price
99.52
Weighted average rate
0.15
Date
Type of operation
Auction
Total amount issued
772,000,000
Weighted average price
96.04
Weighted average rate
0.58
Date
Type of operation
Auction
Total amount issued
493,000,000
Weighted average price
95.94
Weighted average rate
0.64
Date
Type of operation
Auction
Total amount issued
816,000,000
Weighted average price
94.10
Weighted average rate
0.92
Outstanding *
7,972,000,000