The French Treasury Agency announced on Friday that France plans to borrow Monday next on the market between 4.3 and 5.5 billion euros in the short term.
In detail, specified the Agency responsible for placing the French debt to investors, the country has the intention to raise between 2.6 and 3.0 billion euros in three months (12 weeks), the deadline for which it had granted a rate of -0,627% during the last operation comparable to the 14 August.
Appetite for… safety
The Treasury also wants to borrow between 0.9 and 1.3 billion euros in six months (21 weeks). On 14 August, the rate had reached -0,644% for this date.
Finally, France also wants to borrow between $ 800 million and 1.2 billion euros a year (51 weeks), the deadline for which it had granted a rate of -0,568% on 14 August.
France borrows since the end of August 2014 to negative interest rates on maturities of short-term, which means that investors, who want to be safe investments, are willing to lose money by lending to France, for which borrow on these deadlines becomes profitable.
(With AFP)
