The MTS Group says the first 50-year OAT issued by Agence France Trsor is listing on EuroMTS, MTS France and BondVision from 1 March. 29 European Primary Dealers and 1 Single Market Specialist of French bonds on EuroMTS as well as 21 Spcialistes en Valeurs du Trsor (SVTs) on MTS France will provide liquidity on the new OAT 4% 25 April 2055.
The listing follows the decision of the EuroMTS Interest Rate Committee, composed of representatives from ABN Amro, Barclays, Citigroup, Deutsche Bank, Morgan Stanley and Socit Gnrale, and the MTS France Market Committee, which includes representatives from the 21 SVTs, to guarantee the 50-year OAT the same liquidity measures as those provided to other bonds on the euro yield curve. The clear support of Market Makers paves the way for other issuers to launch similar bonds, says MTS, thereby developing a pool of liquidity in the ultra long segment of the yield curve.
The 50-year OAT will also be listed on BondVision, which offers investors access to the liquidity of MTS.