28 Jul 2016
12:29
Federal Institutions
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.
Belgian Debt Agency