French Debt Office Says Demand for Bonds ‘Strong,’ Echos Says

Demand for French government bonds is “strong” and the country continues to finance itself at historically low rates, Philippe Mills, head of the Agence France Tresor said, according to Les Echos newspaper.

“We can count on investors such as central banks and sovereign wealth funds,” Mills was quoted as saying by the newspaper in an interview to be published in tomorrow’s editions of the financial daily. “Their demand is stable and they’re taking a slightly bigger share of bond sales,” he said.

The debt office has sold 203 billion euros this year and bought back 18 billion euros of debt maturing in 2012, as well as some bonds maturing in 2013, Mills was quoted as saying. The agency will decide by the end of this week to proceed with its final debt sale of the year, which is scheduled for December, he added.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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