France intends to borrow record €340 billion as Covid-era debt comes due

France indicated Tuesday it plans to borrow a record amount on the bond market next year, even as worries about the government's spending has seen borrowing rates hit levels unseen since the global financial crisis. The AFT agency that manages the government's borrowing on debt markets said it plans to borrow 340 billion euros ($385 billion) in 2027, some 28 billion euros more than this year, to help finance government spending and repay debt coming due. AFT, in its announcement two days ahead of the presentation of the government's 2027 budget, said it plans to issue a mixture of medium- and long-term bonds to raise the funds. The French government is forecasting an interest rate of 4.3 percent for its 10-year bonds in 2027. On Tuesday, French 10-year bonds were trading on the secondary market at 4.8 percent. To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. Cover image: © France 24 01:30 In recent weeks the yields on French government debt have hit levels last seen during the global ...