7 billion EUR for the new 10-year Belgian OLO 100
Largest ever orderbook for OLO 100
On January 9th 2024 the Kingdom of Belgium kicked off its 2024 funding with the launch of its first syndicated OLO. The new 10-year OLO with maturity date 22 October 2034 has a coupon of 2.85% and was issued at a price of 99.788%, resulting in a re-offer yield of 2.874%.
The 75 billion euro orderbook was the largest ever for an OLO benchmark. The high quality of the orders allowed 7 billion EUR to be placed with domestic and foreign investors.
This new 10y benchmark transaction is the 100th OLO of the Kingdom and follows 35 years after the first one in 1989.
More details on the new 10-year OLO 100 can be found in the annex.