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Finance

New OLO 2038 - Pricing

Press release from the Belgian Debt Agency

The 1.90% EURO 4 billion OLO76 benchmark issue, maturing 22nd June, 2038 for the KINGDOM OF BELGIUM, rated Aa3/AA/AA, is now priced.
Issue/Reoffer price 99.382, to yield  1.934%, equivalent to 34 bps over mid swaps.
Payment date 16th September, 2015. Short first coupon on 22nd June, 2016. Listing Brussels.
Belgian law. No XD, no NP.FM2 (with prior consultation with the issuer) applies.
Fees total 22.5  cts.
Reg S Category 1, 144A eligible,  CAC,  FCA / ICMA Stabilisation.
Joint leads and books : HSBC,  Morgan Stanley,  RBS and SG CIB.
Co-lead group : Barclays , BNP Paribas Fortis, Citi, Crédit Agricole CIB, Deutsche Bank, ING,
J.P. Morgan, KBC Bank, Natixis and Nomura International,.
Selling group : ABN-Amro, BBVA, Belfius, Commerzbank, Goldman Sachs, Nordea,
Rabobank and Scotia Capital.

Read on - 09/09/2015 09:26

New OLO 2038

The Minister of Finance, Johan Van Overtveldt, announces :


The Kingdom of Belgium intends to issue a new syndicated EURO benchmark bond maturing 22nd June, 2038 (OLO 76) in the near future, subject to market conditions.
The Kingdom has mandated HSBC, Morgan Stanley, RBS and SG CIB as joint bookrunners. 
The auction scheduled for 21st September, 2015 is cancelled.

Read on - 08/09/2015 10:11

Results of the Treasury certificate auction of 1/09/2015

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.905 billion, distributed into the following lines :

ISIN Code : BE0312725949 - 17/12/2015
Amount taken (EUR billion): 0.655
Weighted average yield : -0.241 %
Bid-to-cover ratio : 2.95

ISIN Code : BE0312727960 - 11/02/2016
Amount taken (EUR billion): 1.250
Weighted average yield : -0.229 %
Bid-to-cover ratio : 1.79


See our Reuters page BELG/TC or Bloomberg page BELG - TC Auctions - Results.

Read on - 01/09/2015 10:43

New EMTN- issue with a maturity of 100 years

Today, the Kingdom of Belgium issued a 100-year EUR 50 million note in the framework of its EMTN-program.

The EUR 50 million note will be redeemed on 9 September 2115 and carries an annual coupon of 2.50%.

The deal was arranged by Goldmans Sachs International.
It is the inaugural issuance of the Kingdom in this tenor. Its low coupon reflects the strong credit profile of the issuer.
With this issuance, the Kingdom of Belgium establishes itself once again as a long-term issuer.

Read on - 26/08/2015 15:12

Results of the Treasury certificate auction of 11/08/2015

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.924 billion, distributed into the following lines :

ISIN Code : BE0312724934 - 12/11/2015
Amount taken (EUR billion): 0.504
Weighted average yield : -0.240 %
Bid-to-cover ratio : 5.76

ISIN Code : BE0312733059 - 11/08/2016
Amount taken (EUR billion): 1.420
Weighted average yield : -0.199 %
Bid-to-cover ratio : 1.71


See our Reuters page BELG/TC or Bloomberg page BELG - TC Auctions - Results.

Read on - 11/08/2015 09:36

Federal Government Debt at end July 2015

The Belgian Federal Government Debt amounted to EUR 393.36 billion as of 31 July 2015. Debt issued or taken over by the federal government amounted to EUR 393.07 billion, and the institutions for which the federal government supports the debt service, registered a debt of EUR 0.29 billion.

In net terms (i.e. deducting financial deposits and investments, as well as securities owned by the Treasury), the Federal Government Debt amounted to EUR 377.80 billion.

Read on - 07/08/2015 15:08

Results of the Treasury certificates auction of 4/08/2015

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.865 billion, distributed into the following lines :

ISIN Code : BE0312724934 - 12/11/2015
Amount taken (EUR billion): 0.600
Weighted average yield : -0.228 %
Bid-to-cover ratio : 3.60

ISIN Code : BE0312726954 - 14/01/2016
Amount taken (EUR billion): 1.265
Weighted average yield : -0.223 %
Bid-to-cover ratio : 1.92


See our Reuters page BELG/TC or Bloomberg page BELG - TC Auctions - Results.

Read on - 04/08/2015 09:14

Results of the Treasury certificate auction of 14/07/2015

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.001 billion, distributed into the following lines :

ISIN Code : BE0312723928 - 15/10/2015
Amount taken (EUR billion): 0.501
Weighted average yield : -0.238 %
Bid-to-cover ratio : 3.68

ISIN Code : BE0312732044 - 14/07/2016
Amount taken (EUR billion): 1.500
Weighted average yield : -0.179 %
Bid-to-cover ratio : 1.64


See our Reuters page BELG/TC or Bloomberg page BELG - TC Auctions - Results.

Read on - 14/07/2015 10:43

Results of the OLO auction of 13/07/2015

The Belgian Debt Agency informs you that it has accepted bids for a total amount of EUR  2.600 billion, distributed into the following lines :

- OLO 3.00 % 28/09/2019 (OLO67)
ISIN code : BE0000327362
Amount taken (EUR billion): 0.740
Weighted average yield : 0.173 %
Bid-to-cover ratio : 1.520

- OLO 0.80 % 22/06/2025 (OLO74)
ISIN code : BE0000334434
Amount taken (EUR billion): 1.205
Weighted average yield : 1.345 %
Bid-to-cover ratio : 1.320

- OLO 4.25 % 28/03/2041 (OLO60)
ISIN code : BE0000320292
Amount taken (EUR billion): 0.655
Weighted average yield : 2.152 %
Bid-to-cover ratio : 1.440

See our Reuters page BELG/OLO or Bloomberg page BELG - OLO Auctions - Results.

Read on - 13/07/2015 10:01