10 jan 2023 16:43

New OLO 97 - Pricing

The 3.00% EUR 7 billion OLO97 benchmark issue, maturing 22 June 2033 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook all stable) is now priced. 

Issue/Reoffer price 99.799, to yield 3.024%, equivalent to 10 bps above mid swaps.  

Payment date 17 January 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 17.5 cts.  

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

Joint leads and books: BNP Paribas Fortis, Crédit Agricole CIB, J.P. Morgan, KBC Bank and Natixis. 

Co-lead group: Bank of America, Barclays, Citi, Deutsche Bank, HSBC, Morgan Stanley, NatWest Markets, Nomura and Société Générale.