New OLO 2011

The Minister of Finance, Didier Reynders, announces :

On February 25, the KOB will auction a new 3 year OLO benchmark (OLO 53).    The maturity date will be March 28th 2011. The coupon will be published on February 22nd before 4 PM CET. The bond will be further tapped in the future.

The 2008 financing plan published last year end shows a higher than usual funding requirement due to three important redemptions in 2008. In order to fulfill the OLO issuance program of EUR 27 billion, the financing plan foresees the launch of 3 new OLO benchmarks this year. The first benchmark was issued in January as a syndicated transaction with a 10 year maturity date. The second OLO benchmark will be issued with a 3 year maturity date at an auction and not as a syndicated transaction in response to the current market demand for short maturities.