Barclays Capital, BNP Paribas, Morgan Stanley and Natexis-Banques Populaires have been mandated by t...
Barclays Capital, BNP Paribas, Morgan Stanley and Natexis-Banques Populaires have been mandated by the French government to launch a government bond linked to the Euro area consumer price index. The fund invests in bonds known as OATs which are indexed on eurozone prices with a fixed real rate. The fixed real rate is due to daily indexation calculated according to the harmonised index of consumer prices for the eurozone, excluding tobacco. The products are designed to offer bondholders protection against inflation. The issue comes on the back of the first bond linked to European infla...
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