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Finance

Green OLO reopening

In line with the 2019 financing plan announced in December 2018, the Belgian Debt Agency envisages to reopen the Green OLO (OLO 1.25% - 22 April 2033) issued last year, in order to further ensure the liquidity of this benchmark bond.  The current outstanding of the Green OLO is €4.5 billion.

The proceeds of the 2019 taps of the Green OLO will be allocated to Green Eligible Expenditures selected in line with the “Green OLO Framework” delivered at the inaugural issuance (www.debtagency.be) of the Green OLO and reviewed ex-ante by Sustainalytics, a Second Party Opinion Provider. The selection of these expenditures is based upon the advice of an inter-Ministerial Working Group.

The available Green Eligible Expenditures, backing 2019 issuance, amount to a maximum of € 2.5 bn.  They consist of selected budgetary and tax expenditures for the year 2019  as well as for the year 2018 provided that these selected expenditures have not been matched with proceeds from the 2018 issuance of the Green OLO.

Read on - 11/03/2019 17:05

OLO auction of 18/03/2019

The Belgian Debt Agency informs you that the following 3 OLO lines will be auctioned on Monday, 18 March 2019 :

Read on - 11/03/2019 16:57

Federal Government Debt at end February 2019

The Belgian Federal Government Debt amounted to EUR 401.76 billion as of 28 February 2019.

Debt issued or taken over by the federal government amounted to EUR 401.53 billion, and the institutions for which the federal government supports the debt service, registered a debt of EUR 0.22 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 383.15 billion.

Read on - 11/03/2019 10:32

Results of the Treasury certificates auction of 05/03/2019

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.617 billion, distributed into the following lines :

Read on - 05/03/2019 11:51

Results of the Treasury certificates auction of 12/02/2019

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.988 billion, distributed into the following lines :

 

ISIN Code : BE0312764369 - 09/05/2019
Amount taken (EUR billion): 0.880
Weighted average yield : -0.508 %
Bid-to-cover ratio : 2.00

 

ISIN Code : BE0312768402 - 16/01/2020
Amount taken (EUR billion): 1.108
Weighted average yield : -0.507 %
Bid-to-cover ratio : 2.19

Read on - 12/02/2019 12:41

Federal Government Debt at end January 2019

The Belgian Federal Government Debt amounted to EUR 394.66 billion as of 31 January 2019.

Debt issued or taken over by the federal government amounted to EUR 394.43 billion, and the institutions for which the federal government supports the debt service, registered a debt of EUR 0.23 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 378.32 billion.

Read on - 06/02/2019 14:33

Results of the Treasury certificates auction of 05/02/2019

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.060 billion, distributed into the following lines :

ISIN Code : BE0312764369 - 09/05/2019
Amount taken (EUR billion): 1.060
Weighted average yield : -0.538 %
Bid-to-cover ratio : 2.22


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

Read on - 05/02/2019 11:41

OLO 88 - Pricing

The 1.7% EURO 5 billion OLO88 benchmark issue, maturing 22nd June, 2050 for the KINGDOM OF BELGIUM, rated Aa3/AA/AA-, is now priced.
Issue/Reoffer price 98.899, to yield 1.746%, equivalent to 44 bps over mid swaps.
Payment date February 5th, 2019. Short first coupon on 22nd June, 2019. Listing Brussels.
Belgian law. No XD, no NP. FM2 (with prior consultation with the issuer) applies.
Fees total 25 cts.
Reg S Category 1, 144A eligible,  CAC,  FCA / ICMA Stabilisation.
Joint leads and books : Barclays, Crédit Agricole CIB, J.P. Morgan, NatWest Markets and SG CIB.
Co-lead group : BNP Paribas Fortis, Citigroup, HSBC, ING Bank, KBC Bank, Morgan Stanley and Nomura International.
Selling group: ABN Amro, Belfius, Commerzbank, Goldman Sachs, Rabobank and Scotia Capital.

Read on - 29/01/2019 16:29