Amadeusz Juskowiak

French treasury details planned tap issue

The French Treasury will issue between eight and 12 billion francs worth of tap stock depending on market conditions at its monthly tender on Thursday the Bank of France said

The planned issue will be of two fixedrate tranches of the 850 pct June 1997 and the 850 pct December 2012 stock and one tranche of the variablerate January 1999 stock

The minimum amount of each tranche to be sold will be one billion francs