16 mei 2023 16:14

New OLO 99 - Pricing

The 3.45% EUR 4 billion OLO99 benchmark issue, maturing 22 June 2043 for the Kingdom of Belgium (rated Aa3/AA/AA-; outlook stable/stable/negative) is now priced.
Issue/Reoffer price 99.990, to yield 3.451%, equivalent to 54 bps above midswaps.
Payment date 24 May 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 22.5 cts.
Reg S Category 1, 144A eligible, CAC, FCA/ICMA Stabilisation.
Joint leads and books: BNP Paribas Fortis, Citi, Crédit Agricole CIB, Nomura and Société Générale.
Co-lead group: Bank of America, Barclays, Deutsche Bank, HSBC, J.P. Morgan, KBC Bank, Morgan Stanley, Natixis and NatWest Markets.