The 0.35% EURO 5 billion OLO94 benchmark issue, maturing 22 June 2032 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook all stable) is now priced.

Issue/Reoffer price 99.868, to yield 0.363%, equivalent to 6 bps below mid swaps.

Payment date 25 January 2022. Short first coupon on 22 June 2022. Listing Brussels.

Belgian law. No XD, no NP. FM2 (with prior consultation with the issuer) applies.

Fees total 17.5 cts.

Reg S Category 1, 144A eligible,  CAC,  FCA/ICMA Stabilization.

Joint leads and books: BNP Paribas Fortis, Citi, J.P. Morgan, Natixis and Nomura.

Co-lead group: Barclays, Crédit Agricole, Deutsche Bank, HSBC, KBC, Morgan Stanley, NatWest Markets and Société Générale.  

The Minister of Finance, Vincent Van Peteghem, announces:

The Kingdom of Belgium intends to issue a new syndicated EURO benchmark bond maturing 22/06/2032 (OLO 94) in the near future, subject to market conditions.

BNP Paribas Fortis, Citi, J.P. Morgan, Natixis and Nomura have been mandated as joint bookrunners.

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

The OLO auction scheduled for 31/01/2022 is cancelled.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 3.186 billion, distributed into the following lines :

ISIN Code : BE0312782544 - 12/05/2022
Amount taken (EUR billion) : 1.001
Weighted average yield : -0.658%
Bid-to-cover ratio : 2.96
 
ISIN Code : BE0312786586 - 12/01/2023
Amount taken (EUR billion) : 2.185
Weighted average yield : -0.652%
Bid-to-cover ratio : 1.74
 
 
See our Reuters page BELG/TC or Bloomberg page BEDA - TC Auctions - Results. 

Press release from the Belgian Debt Agency  

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.090 billion, distributed into the following lines :

ISIN Code : BE0312782544 - 12/05/2022
Amount taken (EUR billion) : 1.005
Weighted average yield : -0.667%
Bid-to-cover ratio : 2.21
 
ISIN Code : BE0312783559 - 14/07/2022
Amount taken (EUR billion) : 1.085
Weighted average yield : -0.667%
Bid-to-cover ratio : 2.08
 
 
See our Reuters page BELG/TC or Bloomberg page BEDA - TC Auctions - Results.  

As part of its buyback program provided for in the 2022 financing plan, the Federal Debt Agency has started to quote bid prices via the MTS Belgium Treasury segment (TRS) as of Monday 3 January, in order to buy back the OLO 68 bond with ISIN code BE0000328378 and the OLO 79 bond with ISIN code BE0000339482.

The outstanding amount of these loans is respectively 13 652 000 000.00 EUR and 9 502 000 000.00 EUR. These outstandings have not been adjusted with the amounts already bought back by the Debt Agency.

The final maturity date of the OLO 68 is 22 June 2023 and that of the OLO 79 is 22 October 2023.

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In the framework of its "Optional Reverse Inquiry Facility" program, the Belgian Debt Agency has issued EUR 0.504 billion, in the following OLO-lines :

OLO 0.80 % 22/06/2027 (OLO81)
ISIN code : BE0000341504
Amount taken (EUR billion): 0.137
Weighted average yield : -0.443 %

OLO 5.50 % 28/03/2028 (OLO31)
ISIN code : BE0000291972
Amount taken (EUR billion): 0.367
Weighted average yield : -0.465 %

See our Refinitiv page BELG/ORI or Bloomberg page BEDA - "OLO Optional Reverse Inquiry - Results".

To mark the end of the Benelux presidency of Belgium, the Prime Ministers of Belgium, Luxembourg and the Netherlands reaffirm in a joint declaration their commitment to continue strengthening their cooperation.

The Belgian Debt Agency informs you that the following 2 OLO lines will be auctioned on Friday, 17 December 2021 for a maximum amount of EUR 500 million:

1.
Description : OLO 0.80% 22/06/2027
ISIN code : BE0000341504
OLO number : OLO 81
Outstanding : EUR 13.728.000.000.00

2.
Description : OLO 5.50% 28/03/2028
ISIN code : BE0000291972
OLO number : OLO 31
Outstanding : EUR 19.744.939.136.01

Payment date will be 21/12/2021.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.007 billion, distributed into the following lines :

ISIN Code : BE0312781538 - 10/03/2022
Amount taken (EUR billion) : 0.802
Weighted average yield : -0.777%
Bid-to-cover ratio : 1.77
 
ISIN Code : BE0312785570 - 10/11/2022
Amount taken (EUR billion) : 1.205
Weighted average yield : -0.678%
Bid-to-cover ratio : 1.94
 
See our Reuters page BELG/TC or Bloomberg page BEDA - TC Auctions - Results.  

Press release from the Belgian Debt Agency