Belgian Debt Agency

On 16 May 2023, the Kingdom of Belgium issued a new 20-year OLO with maturity date 22 June 2043. OLO 99 has an annual coupon of 3.45% and was issued at a price of 99.99%, bringing the annual cost to 3.451%.

The keen interest in the transaction and the high quality of the orders allowed 4.0 billion EUR to be placed with domestic and foreign investors.

The Belgian Debt Agency plans to issue a total of EUR 45.0 billion in OLOs this year. With yesterday's transaction, a total of EUR 26.028...

The 3.45% EUR 4 billion OLO99 benchmark issue, maturing 22 June 2043 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook stable/stable/negative) is now priced.
Issue/Reoffer price 99.990, to yield 3.451%, equivalent to 54 bps above midswaps.
Payment date 24 May 2023. Short first coupon on 22 June 2023. 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...

The Minister of Finance, Vincent Van Peteghem, announces :

The Kingdom of Belgium intends to issue a new syndicated EURO benchmark bond maturing 22/06/2043 (OLO 99) in the near future, subject to market conditions.

BNP Paribas Fortis, Citi, Crédit Agricole CIB, Nomura and Société Générale have been mandated as joint bookrunners.

All other Primary Dealers will be invited to the syndicate group.

The OLO auction scheduled for 22/05/2023 is cancelled.

Press release from the Belgian Debt Agency:

 

As of the end of April 2023, the federal government debt amounted to EUR 493.842 billion. This means that this debt increased by EUR 897 million compared to March.

In net terms (after deducting placements and securities held in portfolio), the federal government debt decreased by EUR 5.33 billion in April, to EUR 470.372 billion.

The net balance to be financed in April was EUR -5.29 billion (in favor of the Treasury).

For more details...

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 3.145 billion, distributed into the following lines :

ISIN Code : BE0312790620 - 14/09/2023
Amount taken (EUR billion) : 1.060
Weighted average yield : 3.133%
Bid-to-cover ratio : 2.49

ISIN Code : BE0312794663 - 09/05/2024
Amount taken (EUR billion) : 2.085
Weighted average yield : 3.242%
Bid-to-cover ratio : 2.36

See our Refinitiv page BELG/TC or Bloomberg page BEDA -...

The Belgian Debt Agency informs you that it has accepted bids for a total amount of EUR 0.478 billion, distributed into the following lines :

OLO 4.00%  28/03/2032 (OLO 66)
ISIN Code : BE0000326356 - 28/03/2032
Amount taken (EUR billion) : 0.248
Weighted average yield : 2.870%
Bid-to-cover ratio : 2.09

OLO 3.00%  22/06/2034 (OLO 73)
ISIN Code : BE0000333428 - 22/06/2034
Amount taken (EUR billion) : 0.230
Weighted average yield : 3.033%
Bid-to-cover ratio : 2.20


See our...

The Belgian Debt Agency informs you that the following 2 OLO lines will be auctioned on Friday 05 May 2023 for a maximum amount of EUR 500 million :

1.
Description : OLO 4.00%  28/03/2032
ISIN code : BE0000326356
OLO number : OLO 66
Outstanding : EUR 9 146 000 000.00

2.
Description : OLO 3.00%  22/06/2034
ISIN code : BE0000333428
OLO number : OLO 73
Outstanding : EUR 9 294 000 000.00

Payment date will be 09 May 2023.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.000 billion, distributed into the following lines :

ISIN Code : BE0312790620 - 14/09/2023
Amount taken (EUR billion) : 1.000
Weighted average yield : 3.161%
Bid-to-cover ratio : 3.06

ISIN Code : BE0312791636 - 09/11/2023
Amount taken (EUR billion) : 1.000
Weighted average yield : 3.207%
Bid-to-cover ratio : 3.01

See our Refinitiv page BELG/TC or Bloomberg page BEDA -...

The Belgian Debt Agency informs you that it has accepted bids for a total amount of EUR 3.516 billion, distributed into the following lines :

OLO 0.80%  22/06/2028 (OLO 85)
ISIN Code : BE0000345547 - 22/06/2028
Amount taken (EUR billion) : 1.145
Weighted average yield : 2.817%
Bid-to-cover ratio : 2.55

OLO 3.00%  22/06/2033 (OLO 97)
ISIN Code : BE0000357666 - 22/06/2033
Amount taken (EUR billion) : 1.371
Weighted average yield : 3.134%
Bid-to-cover ratio : 1.89

OLO 3.30%  22/06...