Pricing New Green OLO 96
The 2.75% EURO 4.5 billion Green OLO 96 benchmark issue, maturing 22 April 2039 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook all stable) is now priced.
Issue/Reoffer price 99.956, to yield 2.754%, equivalent to 6 bps above OLO 2038 (OLO76 1.9% 22/06/2038).
Payment date 21 September 2022. Short first coupon on 22 April 2023. 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, HSBC and J.P. Morgan.
Co-lead group: Barclays, Citi, Deutsche Bank, KBC, Morgan Stanley, Natixis, NatWest Markets, Nomura and Société Générale.
The proceeds of the issue of the bond will be used in accordance with Belgium’s 2022 new Green OLO Framework.