SURE - Press release from the Belgian Debt Agency
Today, the Belgian Debt Agency received the fourth and fifth tranches of the European Union Instrument for temporary Support to mitigate Unemployment Risks in an Emergency (SURE).
The fourth tranche consists of a 5-year loan for a nominal amount of EUR 1.300 billion. The maturity date is March 4, 2026. This loan reflects the 5-year transaction of the European Commission with a coupon of 0.00% and a negative yield of -0.488%. It follows that the corresponding amount disbursed (EUR 1.330 billion) is above par.
The fifth tranche consists of a 25-year loan for a nominal amount of EUR 900 million. The maturity date is May 2, 2046. This loan reflects the 25-year transaction of the European Commission with a coupon of 0.45% and a yield of 0.476%. The amount paid out (EUR 892.6 million) is therefore below par.
The amounts of these fourth and fifth tranches will again be fully allocated to the federal government.
Long-term funding of the Agency is now EUR 21.89 billion, which corresponds to 50.19% of the planned amount of EUR 43.61 billion for the year 2021.