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France spreads the risk of its borrowing

France has placed more than two thirds of its latest eurozone inflation-linked bond issue in other countries.

The new OAT€I, a French government bond linked to the eurozone's harmonised consumer price index (ex-tobacco), attracted more than twice the amount of demand from outside France as inside, the treasury said on Thursday. The issue is unique in Europe in that it is linked to the consumer price index for the entire eurozone, rather than just France's inflation rate.

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