10 Apr 2024 12:04

7.0 billion EUR for the new 5-year Belgian OLO 102 - Deal summary

Successful syndication of a new 5-year benchmark


On April 9, 2024, Belgium issued a new 5-year OLO with a maturity date of October 22, 2029. The OLO 102 has an annual coupon of 2.70% and was issued at a price of 99.953%, carrying the annual cost at 2.711%.

The transaction saw strong participation from the outset, with the order book growing to over EUR 46 billion at closing, prompting the Federal Debt Agency to set the size of the new issue at EUR 7 billion.

The Belgian Debt Agency plans to issue a total of EUR 41.0 billion in OLOs this year. With this transaction, a total of EUR 24.785 billion has already been issued, or 60.45% of this amount.

More details on the new 5-year OLO are available in the annex.