#ECOT2614181ACreation of French Treasury Bonds at 3.70% Due 25 November 2036
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The order creates a new line of French Treasury bonds in euros, with a 3.70% annual coupon, a nominal value of 1 euro, and repayment at par on 25 November 2036.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Creates a new French Treasury bond line denominated in euros
- Sets a 3.70% annual interest payment, first payable on 25 November 2026
- Sets repayment at par on 25 November 2036, while allowing market buybacks or exchanges
Obligations
What this law requires
The issuer or the account-registration intermediary must pay annual interest of 0.0370 euro per 1 euro bond on 25 November each year, with the first payment due on 25 November 2026.
The issuer must repay each bond at par value, equal to 1 euro per bond, on 25 November 2036.
The bonds must cease to bear interest from the day they are called for redemption.
Interest payments and repayment of the bonds must be made only after deducting taxes that the law requires, or may require, bondholders to bear.
The State must not amortize the bonds by early redemption during the entire term of the borrowing.