EMTN issue
On Thursday 12th March, the Kingdom of Belgium issued within the framework of its EMTN-programme a new 3-year bond in GBP at a spread of + 26 bp over GILT.
This new GBP 500 million bond matures on 21st December 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 more than 32% of its financing plan for 2015.
On Thursday 12th March, the Kingdom of Belgium issued within the framework of its EMTN-programme a new 3-year bond in GBP at a spread of + 26 bp over GILT.
This new GBP 500 million bond matures on 21st December 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 more than 32% of its financing plan for 2015.