09 Jan 2024 16:35

New OLO 100 - Pricing

The 2.85% EUR 7 billion OLO100 benchmark issue, maturing 22 October 2034 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook stable/stable/negative) is now priced.

Issue/Reoffer price 99.788, to yield 2.874%, equivalent to 24 bps above midswaps.

Payment date 16 January 2024. Short first coupon on 22 October 2024. Listing Brussels.

Belgian law. No XD, no NP. FM2 (with prior consultation with the issuer) applies.

Fees total 17.5 cts.

Reg S Category 1, 144A eligible, CAC, FCA/ICMA Stabilisation.

Joint leads and books: Barclays, BNP Paribas Fortis, Crédit Agricole CIB, J.P. Morgan and Natixis.

Co-lead group: Bank of America, Citi, Deutsche Bank, HSBC, KBC Bank, Morgan Stanley, NatWest Markets, Nomura and Société Générale.