France opens book to sell EUR-denominated June 2037 Green Oat via syndicate; guidance seen at +13bps to May 2036 Oat
Context
France's move to sell a new EUR-denominated Green Oat bond demonstrates a proactive approach to fund green initiatives while potentially attracting a specific investor base interested in sustainability. The guidance of +13bps over the existing May 2036 Oat indicates an effort to provide investors with an attractive yield, but also reflects the current demand dynamics and lending rates in the market. This issuance may also influence the broader fixed income landscape, particularly regarding the pricing of similar green bonds in Europe.
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