France Sells EU8 Billion in Debt in First Hollande Auction
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France sold 8 billion euros ($10.2 billion) in bonds, with borrowing costs falling in the first auction after President Francois Hollande took power.
France auctioned the maximum amount targeted by Agence France-Tresor, the debt-management agency, selling two-, three-, four- and five-year securities. The average yield on the September 2014 notes was 0.74 percent, compared with 0.85 percent at the last auction on April 19. On the February 2017 debt, it was 1.72 percent, down from 1.83 percent in the previous sale.