Record amount of EUR 7.0 billion for the new 10-year Belgian OLO 97

On January 10th 2023, Belgium issued a new 10-year OLO with maturity date 22 June 2033. OLO 97 has an annual coupon of 3.00% and was issued at a price of 99.799%, resulting in an annual cost of 3.024%.

The strong demand for this transaction and the high quality of the orders ultimately made it possible to place 7.0 billion EUR with domestic and foreign investors. This is a record amount for a new 10-year OLO.

The...

The 3.00% EUR 7 billion OLO97 benchmark issue, maturing 22 June 2033 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook all stable) is now priced. 

Issue/Reoffer price 99.799, to yield 3.024%, equivalent to 10 bps above mid swaps.  

Payment date 17 January 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 17.5 cts.  

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

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 3.401 billion, distributed into the following lines :

ISIN Code : BE0312788608 - 11/05/2023
Amount taken (EUR billion) : 1.391
Weighted average yield : 2.318%
Bid-to-cover ratio : 1.91
 
ISIN Code : BE0312792642 - 11/01/2024
Amount taken (EUR billion) : 2.010
Weighted average yield : 2.923%
Bid-to-cover ratio : 1.7
 
See our Refinitiv page BELG/TC or Bloomberg page BEDA -...

Belgian Deputy Prime Minister and Minister of Finance Vincent Van Peteghem and Dutch State Secretary for Benefits and Customs Aukje de Vries presented the results of drug seizures for the year 2022 in the international ports of Antwerp and Rotterdam at a joint press conference. Both customs services combined seized 160 tonnes of cocaine in 2022.

The Minister of Finance, Vincent Van Peteghem, announces :

The Kingdom of Belgium intends to issue a new syndicated EURO benchmark bond maturing 22/06/2033 (OLO 97) in the near future, subject to market conditions.

BNP Paribas Fortis, Crédit Agricole CIB, J.P. Morgan, KBC Bank and Natixis have been mandated as joint bookrunners.

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

The OLO auction scheduled for 30/01/2023 is cancelled.

Belgian  Minister of Finance Vincent Van Peteghem and Dutch State Secretary for Customs Aukje de Vries will jointly present the results of cocaine seizures in the ports of Antwerp and Rotterdam and the approach to combating it.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.600 billion, distributed into the following lines :

ISIN Code : BE0312788608 - 11/05/2023
Amount taken (EUR billion) : 1.410
Weighted average yield : 2.307%
Bid-to-cover ratio : 2.45

ISIN Code : BE0312789614 - 13/07/2023
Amount taken (EUR billion) : 1.190
Weighted average yield : 2.568%
Bid-to-cover ratio : 2.08

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

As part of its buyback program provided for in the 2023 financing plan, the Federal Debt Agency has started to quote bid prices via the MTS Belgium Treasury segment (TRS) as of today 2 January, in order to buy back the OLO 72 bond with ISIN code BE0000332412” and the OLO 82 bond with ISIN code “BE0000342510”.

The outstanding amount of these loans is respectively 15 885 000 000.00 EUR and 12 875 000 000.00 EUR. These outstandings have not been adjusted with the amounts already bought back by...

In the framework of its "Optional Reverse Inquiry Facility" program, the Belgian Debt Agency has issued EUR  0.751 billion, in the following OLO-lines:

OLO 3.75 % 22/06/2045 (OLO71)
ISIN code : BE0000331406
Amount taken (EUR billion): 0.208
Weighted average yield : 2.988 %

OLO 2.15 % 22/06/2066 (OLO80)
ISIN code : BE0000340498
Amount taken (EUR billion): 0.543
Weighted average yield : 2.774 %

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

The Belgian Debt Agency informs you that the following 2 OLO lines will be auctioned on Friday, 16 December 2022 for a maximum amount of EUR 750.0 million:

1.
Description : OLO 3.75% 22/06/2045
ISIN code : BE0000331406
OLO number : OLO 71
Outstanding : EUR 9,737,000,000.00

2.
Description : OLO 2.15% 22/06/2066
ISIN code : BE0000340498
OLO number : OLO 80
Outstanding : EUR 7,621,000,000.00

Payment date will be 20/12/2022.

Press release from the Belgian Debt Agency:

 

As of the end of November 2022, the federal government debt amounted to EUR 470.481 billion. This means that this debt increased by EUR 3.15 billion compared to October.

In net terms (after deducting placements and securities held in portfolio), the federal government debt increased by 4.56 billion euros, to 459.684 billion euros.

The net balance to be financed in November was EUR 4.547 billion (to the detriment of the Treasury).

For...

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.804 billion, distributed into the following lines :

ISIN Code : BE0312787592 - 09/03/2023
Amount taken (EUR billion) : 1.489
Weighted average yield : 1.806%
Bid-to-cover ratio : 1.56
 
ISIN Code : BE0312791636 - 09/11/2023
Amount taken (EUR billion) : 1.315
Weighted average yield : 2.498%
Bid-to-cover ratio : 2.69
 
See our Refinitiv page BELG/TC or Bloomberg page BEDA...