06 Sep 2012 17:48

EMTN issue of 5/9/2012

On Wednesday 5 September, the Kingdom of Belgium issued within the framework of its EMTN-programme a new 3-year benchmark in USD that was priced at a spread over mid-swap +50bps.
This new USD 1.25 billion benchmark matures on 14 September 2015 and pays a coupon of 0.875%. The issue has been swapped into euro in order to avoid currency risks.

The vast majority of the bonds were bought by end investors; in particular by Bank Treasuries (43%) and by Central Banks (31%). By geography, there was strong demand from the UK (35%) and from the Middle East and North Africa (31%).

With this transaction, the Belgian Debt Agency has completed 98.7% of its financing plan for 2012.

For more details, see annex.