18 jan 2022 16:45

New OLO 94 - Pricing

The 0.35% EURO 5 billion OLO94 benchmark issue, maturing 22 June 2032 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook all stable) is now priced.

Issue/Reoffer price 99.868, to yield 0.363%, equivalent to 6 bps below mid swaps.

Payment date 25 January 2022. Short first coupon on 22 June 2022. 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 Stabilization.

Joint leads and books: BNP Paribas Fortis, Citi, J.P. Morgan, Natixis and Nomura.

Co-lead group: Barclays, Crédit Agricole, Deutsche Bank, HSBC, KBC, Morgan Stanley, NatWest Markets and Société Générale.