New OLO 106 – Pricing
Press release of the Belgian Federal Debt Agency
The 3.40% EUR 8 billion OLO106 benchmark issue, maturing 22 June 2036 for the Kingdom of Belgium (rated Aa3/AA/A+; outlook negative/negative/stable) is now priced.
Issue/Reoffer price 99.703, to yield 3.436%, equivalent to 54 bps above midswaps.
Payment date 14 January 2026. Short first coupon on 22 June 2026. 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, HSBC and J.P. Morgan.
Co-lead group: Bank of America, Citi, Deutsche Bank, KBC Bank, Morgan Stanley, Natixis, NatWest Markets, Nomura and Société Générale.