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Thursday, August 18, 2011

France will take Monday 8 billion euros in short maturities

Forex News

Agence France Trésor (AFT), which manages the debt of France will proceed Monday to Treasury bill auction ...

Agence France Trésor (AFT), which manages the debt of France will proceed to the Monday bill auction Treasury fixed rate and interest withholding taxes (BTF) on lines 13, 26 and 48 weeks for a total 8 billion euros, according to a statement released Thursday.

The line of BTF at 13 weeks, due November 24, AFT will provide four billion euros. At the last auction comparable Tuesday, the weighted average rate was set at 0.730%.

The line of BTF at 26 weeks, due February 23, 2012, AFT will provide 2 billion euros. At the last auction comparable Tuesday, the weighted average rate was set at 0.792%.

The line of BTF at 48 weeks, due July 26, 2012, AFT will provide 2 billion euros. At the last auction comparable, August 8, the weighted average rate was set at 0.840%.

The resolution of these three lines will occur August 25.

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