EMTN issue
On Wednesday 25 February, the Kingdom of Belgium issued within the framework of its EMTN-programme a new 3-year bond in USD at a spread of + 1 bp over mid-swap.
This new USD 2 billion bond matures on 5 March 2018 and pays a coupon of 1.125%.
The issue has been swapped into euro in order to cancel any currency risk.
After swap the cost for the Kingdom represents a negative yield.
With this transaction, the Belgian Debt Agency has completed, after only 2 months, more than 30% of its financing plan for 2015.
On Wednesday 25 February, the Kingdom of Belgium issued within the framework of its EMTN-programme a new 3-year bond in USD at a spread of + 1 bp over mid-swap.
This new USD 2 billion bond matures on 5 March 2018 and pays a coupon of 1.125%.
The issue has been swapped into euro in order to cancel any currency risk.
After swap the cost for the Kingdom represents a negative yield.
With this transaction, the Belgian Debt Agency has completed, after only 2 months, more than 30% of its financing plan for 2015.