New OLO 104 – pricing
Press release of the Belgian Federal Debt Agency
The 3.45% EUR 5 billion OLO104 benchmark issue, maturing 22 June 2042 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook negative/stable/negative) is now priced.
Issue/Reoffer price 99.41, to yield 3.497%, equivalent to 8 bp above BGB 0.4 06/22/40.
Payment date 11 March 2025. Short first coupon on 22 June 2025. Listing Brussels.
Belgian law. No XD, no NP. FM2 (with prior consultation with the issuer) applies.
Fees total 20 cts.
Reg S Category 1, 144A eligible, CAC, FCA/ICMA Stabilisation.
Joint leads and books: BNP Paribas Fortis, Crédit Agricole CIB, Deutsche Bank, HSBC and Morgan Stanley.
Co-lead group: Bank of America, Barclays, Citi, Deutsche Bank, KBC Bank, Natixis, NatWest Markets, Nomura and Société Générale.