Belgian Debt Agency

The Belgian Debt Agency informs that it has accepted bids of Treasury certificates for a total amount of EUR 2.003 billion, distributed into the following lines :

ISIN Code : BE0312795678 - 11/07/2024
Amount taken (EUR billion) : 0.800
Weighted average yield : 3.725%
Bid-to-cover ratio : 2.13

ISIN Code : BE0312799712 - 13/03/2025
Amount taken (EUR billion) : 1.203
Weighted average yield : 3.463%
Bid-to-cover ratio : 1.72

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

The Minister of Finance, Vincent Van Peteghem, announces:

The Kingdom of Belgium intends to issue a new syndicated euro benchmark bond maturing 22/10/2029 (OLO 102) in the near future, subject to market conditions.

BNP Paribas Fortis, Crédit Agricole CIB, J.P. Morgan, NatWest Markets 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 22/04/2024 is cancelled.

The Belgian Debt Agency launched yesterday, its first USD benchmark transaction since 2020. The new USD 1.25 billion benchmark due 10 June 2055 pays an annual coupon of 4.875% and was priced at a spread of 39bps over the 30-year United States’ Government Bond maturing 15 February 2054 (CT30). The re-offer price was 99.325%, bringing the USD yield to 4.921%.

The Debt Agency completely neutralised the exchange risk by swapping the issue into euro. The financing cost after swap was thus also...

The Belgian Debt Agency informs that it has accepted bids of Treasury certificates for a total amount of EUR 2.233 billion, distributed into the following lines :

ISIN Code : BE0312795678 - 11/07/2024
Amount taken (EUR billion) : 0.988
Weighted average yield : 3.765%
Bid-to-cover ratio : 2.12

ISIN Code : BE0312797690 - 07/11/2024
Amount taken (EUR billion) : 1.245
Weighted average yield : 3.608%
Bid-to-cover ratio : 1.70

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

The Belgian Debt Agency informs that it has accepted bids for a total amount of EUR 3.900 billion, distributed into the following lines :

OLO 2.85%  22/10/2034 (OLO 100)
ISIN Code : BE0000360694 - 22/10/2034
Amount taken (EUR billion) : 1.775
Weighted average yield : 2.946%
Bid-to-cover ratio : 1.67

OLO 2.75%  22/04/2039 (OLO 96)
ISIN Code : BE0000356650 - 22/04/2039
Amount taken (EUR billion) : 1.087
Weighted average yield : 3.151%
Bid-to-cover ratio : 1.73

OLO 3.50%  22/06...

The Belgian Debt Agency informs you that the range for the upcoming auction on Monday 18 March 2024, has been determined at EUR 3.3/3.9 billion.

Three OLO lines will be auctioned:

1. OLO 2.85%  22/10/2034 ISIN BE0000360694 (OLO 100)
2. OLO 2.75%  22/04/2039 ISIN BE0000356650 (OLO 96)
3. OLO 3.50%  22/06/2055 ISIN BE0000361700 (OLO 101)

As of the end of February 2024, the federal government debt amounted to EUR 520.664 billion. Federal government debt thus increased by EUR 12.86 billion since January.

In net terms (after deducting placements and securities held in portfolio), the federal government debt increased by EUR 6.65 billion to EUR 492.438 billion.

The net balance to be financed amounted to EUR 6.671 billion in February.

For more details on the issuance and repayment of short-term and long-term debt in February...

The Belgian Debt Agency informs you that the following 3 OLO lines will be auctioned on Monday 18 March 2024 :

1.
Description : OLO 2.85%  22/10/2034
ISIN code : BE0000360694
OLO number : OLO 100
Outstanding : EUR 7 000 000 000.00

2.
Description : OLO 2.75%  22/04/2039
ISIN code : BE0000356650
OLO number : OLO 96
Outstanding : EUR 5 363 000 000.00

3.
Description : OLO 3.50%  22/06/2055
ISIN code : BE0000361700
OLO number : OLO 101
Outstanding : EUR 5 000 000 000.00

Paymen...

Results of the Treasury certificates auction of 12 March 2024

The Belgian Debt Agency informs that it has accepted bids of Treasury certificates for a total amount of EUR 3.011 billion, distributed into the following lines :

ISIN Code : BE0312795678 - 11/07/2024
Amount taken (EUR billion) : 1.005
Weighted average yield : 3.734%
Bid-to-cover ratio : 1.77

ISIN Code : BE0312799712 - 13/03/2025
Amount taken (EUR billion) : 2.006
Weighted average yield : 3.414%
Bid-to-cover ratio : 1...