Main features
| ISSUE | |
| Format | Domestic "qualified investors" |
| Lead managers | BNP Paribas, UBS, JP Morgan |
| Maturity | 12 July 2004 |
| Maturity when issued | 5 years and 20 days |
| Nominal amount | EUR 3 000 000 000 |
| Nominal rate | 3.75% |
| First coupon date | 12 July 2005 |
| Amortisation | in fine, bullet redemption at par |
| Issue date | 9 June 2004 |
| Payment date | 23 June 2004 |
| Investor issue price | 99.801 % |
| Investor rate | 3.771 % |
| Issuer rate including charges | 3.792 % |
| Spread in relation to State benchmark | +7.5bp |