07 jan 2025 17:03

Nouvelle OLO 103 - pricing

The 3.10% EUR 7 billion OLO103 benchmark issue, maturing 22 June 2035 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook negative/stable/negative) is now priced.Issue/Reoffer price 99.652, to yield 3.141%, equivalent to 66 bp above mid swaps.Payment date 14 January 2025. Short first coupon on 22 June 2025. 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, HSBC, J.P. Morgan and Morgan Stanley.Co-lead group: Bank of America, Barclays, Citi, Deutsche Bank, KBC Bank, Natixis, NatWest Markets, Nomura and Société Générale.