Calyon has been mandated as one of the 5 bookrunners of a 15-year OATi benchmark issue for the Agence France Tresor. This EUR 3 billion issue is indexed on the French inflation. Crédit Agricole Group achieved a remarkable work in term of placement and distribution, confirming its strenght on inflation related products. The book reached EUR 6 billion with a strong french interest (60%), with a final pricing closed to secondary markets levels, which is an undisputable success in current market conditions.