Press Releases
Buyback OLO 69
Press release from the Belgian Debt Agency
Within the framework of its announced Buyback program for bonds coming to maturity within 12 months, the Belgian Debt Agency has started quoting bid prices on a special window on the MTS AM electronic platform as of today to buy back its OLO 69 (ISIN : BE0000329384) having a current outstanding of 11.890.000.000 EUR.
The bond has its final maturity.
Results of the OLO auction
The Belgian Debt Agency informs you that it has accepted bids for a total amount of EUR 3.190 billion, distributed into the following lines :
- OLO 0.50 % (OLO82)
ISIN code : BE0000342510
Amount taken (EUR billion): 0.931
Weighted average yield : 0.162 %
Bid-to-cover ratio : 1.480
- OLO 0.80 % (OLO81)
ISIN code : BE0000341504
Amount taken (EUR billion): 1.326
Weighted average yield : 0.599 %
Bid-to-cover ratio : 1.760
OLO-auction : range
The Belgian Debt Agency informs you that the range for the upcoming auction, has been determined at EUR 2.7/3.2 billion
3 OLO lines will be auctioned :
1. OLO 0.50% ISIN BE0000342510 (OLO 82)
2. OLO 0.80% ISIN BE0000341504 (OLO 81)
3. OLO 1.60% ISIN BE0000338476 (OLO 78)
Results of the Treasury certificate auction
The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.180 billion, distributed into the following lines :
ISIN Code : BE0312746184 -
Amount taken (EUR billion): 0.705
Weighted average yield : -0.610 %
Bid-to-cover ratio : 2.30
ISIN Code : BE0312755276 -
Amount taken (EUR billion): 1.475
Weighted average yield : -0.596 %
Bid-to-cover ratio : 1.47
See our Reuters page BELG/TC or Bloomberg page BELG - TC Auctions - Results.
OLO auction
The Belgian Debt Agency informs you that the following 3 OLO lines will be auctioned :
Federal Government Debt
The Belgian Federal Government Debt amounted to EUR 392.74 billion.
Debt issued or taken over by the federal government amounted to EUR 392.48 billion, and the institutions for which the federal government supports the debt service, registered a debt of EUR 0.26 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 375.35 billion.
Results of the Treasury certificate auction
The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.374 billion, distributed into the following lines :
ISIN Code : BE0312746184 -
Amount taken (EUR billion): 0.600
Weighted average yield : -0.607 %
Bid-to-cover ratio : 2.46
ISIN Code : BE0312748206 -
Amount taken (EUR billion): 0.774
Weighted average yield : -0.603 %
Bid-to-cover ratio : 2.21
See our Reuters page BELG/TC or Bloomberg page BELG - TC Auctions - Results.
Kingdom of Belgium new € 3.0 billion 1.45% 20-year OLO 84 - benchmark: transaction summary
Press release from the Belgian Debt Agency
Please find attached the summary of the 20y OLO syndicated benchmark transaction, being the last out of the three announced fixed-coupon benchmark issues.
With the proceeds amounting to EUR 3.0 bn., the Kingdom has achieved more than a half of its OLO funding plan.
Moreover, and in line with the Kingdom’s strategy, this issue again will positively influence the overall risk parameters and the average life of the debt portfolio in particular.
OLO - pricing
The 1.45% EURO 3 billion OLO84 benchmark issue, maturing for the KINGDOM OF BELGIUM, rated Aa3/AA/AA-, is now priced.
Issue/Reoffer price 99.396 , to yield 1.485 %, equivalent to 8 bps over mid swaps.
Payment date 31st May. Long first coupon on 22nd June. 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 : Barclays, Morgan Stanley, NatWest Markets and SG CIB.
Co-lead group: BNP Paribas Fortis, Crédit Agricole, Citi, HSBC, ING, J.P. Morgan, KBC Bank, Natixis and Nomura International.
Selling group: ABN-Amro, Belfius, Commerzbank, Goldman Sachs, Rabobank and Scotia Capital.
New OLO
The Minister of Finance, Johan Van Overtveldt, announces :
The Kingdom of Belgium intends to issue a new syndicated EURO benchmark bond maturing (OLO 84) in the near future, subject to market conditions.
The Kingdom has mandated Barclays, Morgan Stanley, NatWest Markets and SG CIB as joint bookrunners.
All other primary and recognized dealers of The Kingdom of Belgium will be invited to the syndicate group.
