EMTN issue in USD

On Wednesday 27th  July, the Kingdom of Belgium  issued within the framework of its EMTN-programme a new 3-year USD 3 billion bond at a spread of 15 basis points over mid-swap.

This new bond matures on 3 August 2019 and pays a coupon of   1.125 %.

The issue has been swapped into euro in order to cancel any currency risk.
After swap the Kingdom pays a negative interest rate.