In 2010, France will issue 188 billion debt

Posted in economic, economy, finance, special, world by admin on December 22nd, 2009

France will issue the market for 188 billion euros of debt in 2010, against 175 billion originally estimated, said the Agency France Tr?sor (AFT) after a decision of the Minister of Economy Christine Lagarde.

AFT said that amount takes into account the 22 billion euros to be used to finance the huge debt which must be subtracted 9 billion euro share buyback due 2010.

"The net emissions will be distributed as follows: around 10% in bonds indexed to inflation, the remainder being divided between BTAN (medium term) and OAT (long term), adds the public body which aims to put debt of France on the market.

In 2009, the agency bought for 13.6 billion purchase of securities prior to maturity, including 11 billion maturing in 2010 and 2.6 billion euros in 2011.

Securities issued debt has steadily increased in recent years. In 2009, they amounted to 165 billion euros, against 128 billion in 2008 and 97.5 billion in 2007.

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