The 3.30% EUR 5 billion OLO98 benchmark issue, maturing 22 June 2054 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook all stable) is now priced.

Issue/Reoffer price 99.07, to yield 3.349%, equivalent to 8 bps above OLO95 (22 June 2053).

Payment date 22 February 2023. Short first coupon on 22 June 2023. Listing Brussels.

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

Fees total 25 cts.

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

Today, the Belgian-German Energy Summit took place in Zeebruges in the presence of Prime Minister Alexander De Croo and Chancellor Olaf Scholz. Belgium and Germany signed a common declaration to strengthen and enhance their energy cooperation.

The Minister of Finance, Vincent Van Peteghem, announces :

The Kingdom of Belgium intends to issue a new syndicated EURO benchmark bond maturing 22/06/2054 (OLO 98) in the near future, subject to market conditions.

BNP Paribas Fortis, Deutsche Bank, J.P. Morgan, Morgan Stanley and Nomura have been mandated as joint bookrunners.

All other Primary Dealers will be invited to the syndicate group.

The OLO auction scheduled for 20/02/2023 is cancelled.

As of the end of January 2023, the federal government debt amounted to EUR 474.361 billion. This means that the debt increased by EUR 3.75 billion compared to December.

In net terms (after deducting placements and securities held in portfolio), the federal government debt increased by 923 million euros, to 461.246 billion euros.  

The net balance to be financed in January was EUR 923 million (to the detriment of the Treasury). 

For more details on the issuance and repayment of short...

Prime Minister Alexander De Croo will host German Chancellor Olaf Scholz in Zeebrugge on Tuesday 14 February for a Belgian-German Energy Summit. 

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.281 billion, distributed into the following lines :

ISIN Code : BE0312788608 - 11/05/2023
Amount taken (EUR billion) : 1.003
Weighted average yield : 2.486%
Bid-to-cover ratio : 2.9
 
ISIN Code : BE0312792642 - 11/01/2024
Amount taken (EUR billion) : 1.278
Weighted average yield : 2.794%
Bid-to-cover ratio : 2.02
 
 
See our Refinitiv page BELG/TC or Bloomberg page...

The Belgian Debt Agency informs you that it has accepted bids for a total amount of EUR 0.505 billion, distributed into the following lines :

ISIN Code : BE0000320292 - 28/03/2041
Amount taken (EUR billion) : 0.200
Weighted average yield : 3.041%
Bid-to-cover ratio : 2.7

ISIN Code : BE0000340498 - 22/06/2066
Amount taken (EUR billion) : 0.305
Weighted average yield : 2.891%
Bid-to-cover ratio : 1.68

See our Refinitiv page BELG/OLO or Bloomberg page BEDA - OLO Auctions - Results....

The Belgian Debt Agency informs you that the following 2 OLO lines will be auctioned on Friday 03 February 2023 for a maximum amount of EUR 500 million :

1.
Description : OLO 4.25%  28/03/2041
ISIN code : BE0000320292
OLO number : OLO 60
Outstanding : EUR 17 299 000 000.00

2.
Description : OLO 2.15%  22/06/2066
ISIN code : BE0000340498
OLO number : OLO 80
Outstanding : EUR 8 164 000 000.00

Payment date will be 07/02/2023.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.401 billion, distributed into the following line :

ISIN Code : BE0312788608 - 11/05/2023
Amount taken (EUR billion) : 1.401
Weighted average yield : 2.421%
Bid-to-cover ratio : 2.69

See our Refinitiv page BELG/TC or Bloomberg page BEDA - TC Auctions - Results.