On November 13, the Belgian Debt Agency has re-examined its 2020 borrowing requirements. It estimates the net borrowing of the federal government in 2020 to amount to EUR 31.50 billion, representing an decrease of EUR 8.39 billion compared to the update of 16 June 2020.

As a result, the 2020 gross funding requirements would decrease to EUR 51.46 billion.

The Debt Agency now plans to issue EUR 48.51 billion of medium and long term funding instruments. Of this, OLO issuance would amount to EUR 44.50 billion. In addition, the Debt Agency expects to obtain EUR 2.0 billion via the SURE instrument of the EU.

As for short term debt, the outstanding amount of Treasury Certificates is now expected to rise by only EUR 3.0 billion over the year. The net change in other short term debt would amount to EUR -0.05 billion.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 2.616 billion, distributed into the following lines :

ISIN Code : BE0312775472 - 11/03/2021
Amount taken (EUR billion): 0.600
Weighted average yield : -0.662 %
Bid-to-cover ratio : 3.31

ISIN Code : BE0312779516 - 11/11/2021
Amount taken (EUR billion): 2.016
Weighted average yield : -0.638 %
Bid-to-cover ratio : 1.66

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

The Belgian Federal Government Debt amounted to EUR 417.98 billion as of 31 October 2020.

Debt issued or taken over by the federal government amounted to EUR 417.82 billion, and the institutions for which the federal government supports the debt service, registered a debt of EUR 0.19 billion.

In net terms (i.e. deducting financial deposits and investments, as well as securities owned by the Treasury), the Federal Government Debt amounted to EUR 399.87 billion.

The people of the United States have spoken and have elected Joe Biden as their 46th President. As Prime Minister of Belgium I would like to congratulate Mr. Biden on his victory and I wish him success with his upcoming mandate as President of one of the world’s largest and oldest democracies. A record number of people have cast their vote in this election. This illustrates the vibrancy of the American political life and its democracy.

I would also like to congratulate Mrs. Kamala Harris for her historic election as the first female Vice President of the United States. She will be an incredible example and an important role model for young girls throughout the world, showing them that girls and boys enjoy the same rights and opportunities.

Belgium is ready to further strengthen the trans-Atlantic alliance in defense of our common values and to deepen the bond of friendship that unites our people. As the home of NATO and the EU, we express the hope that under its new leadership, the United States will continue its crucial support for European integration, which has brought peace and prosperity to our continent.

Together, the United States and a united Europe can be a formidable force to strengthen multilateralism for the benefit of all. Climate change, COVID-19 and the fight against terrorism top the long list of global challenges that can only be tackled successfully if we do so in a spirit of international cooperation and solidarity.

The United States can count Belgium as a constructive player and long-standing ally, fostering consensus and acting for peace.  I hope we will be able to meet soon to strengthen the bonds between our two countries and to propel our common agenda.

The Belgian Debt Agency informs you that it has accepted bids of Treasury certificates for a total amount of EUR 1.207 billion, distributed into the following lines :

ISIN Code : BE0312775472 - 11/03/2021
Amount taken (EUR billion): 0.647
Weighted average yield : -0.676 %
Bid-to-cover ratio : 2.57

ISIN Code : BE0312776488 - 13/05/2021
Amount taken (EUR billion): 0.560
Weighted average yield : -0.672 %
Bid-to-cover ratio : 2.56

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

The Belgian Debt Agency informs you that it has accepted bids for a total amount of EUR 1.803 billion , distributed into the following lines : "

OLO 0.10 % 22/06/2030 (OLO89)
ISIN code : BE0000349580
Amount taken (EUR billion): 1.154
Weighted average yield : -0.399 %
Bid-to-cover ratio : 1.71

OLO 1.45 % 22/06/2037 (OLO84)
ISIN code : BE0000344532
Amount taken (EUR billion): 0.649
Weighted average yield : -0.015 %
Bid-to-cover ratio : 2.63

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

The Belgian Debt Agency informs you that the range for the upcoming auction on Monday, 19 October 2020, has been determined at EUR 1.3/1.8 billion.

2 OLO lines will be auctioned :

OLO 0.10% 22/06/2030 ISIN BE0000349580 (OLO 89)
OLO 1.45% 22/06/2037 ISIN BE0000344532 (OLO 84)

In the framework of its "Optional Reverse Inquiry Facility" program, the Belgian Debt Agency has issued EUR 0.505 billion, in the following OLO-lines :

OLO 4.50 % 28/03/2026 (OLO64)
ISIN code : BE0000324336
Amount taken (EUR billion): 0.325
Weighted average yield : -0.639 %

OLO 2.15 % 22/06/2066 (OLO80)
ISIN code : BE0000340498
Amount taken (EUR billion): 0.180
Weighted average yield : 0.410 %

See our  Refinitiv page BELG/ORI or Bloomberg page BEDA - "OLO Optional Reverse Inquiry - Results".

The Belgian Debt Agency informs you that the following 2 OLO lines will be auctioned on Friday, 16 October 2020 for a maximum amount of EUR 500 million:

1.
Description : OLO 4.50% 28/03/2026
ISIN code : BE0000324336
OLO number : OLO 64
Outstanding : EUR 11 009 000 000.00

2.
Description : OLO 2.15% 22/06/2066
ISIN code : BE0000340498
OLO number : OLO 80
Outstanding : EUR 6 649 000 000.00

Payment date will be 20/10/2020.