Belgium Issues EUR5 Billion in June 2054-Dated Government Bond -- Update

By Emese Bartha

Belgium issued 5 billion euros ($5.37 billion) in a new June 2054-dated government bond, or OLO, via a bank syndicate on Wednesday, one of the lead manager banks said.

Books for the new ultra-long Belgian bond closed over EUR34 billion, including EUR2.9 billion joint lead-manager interest, the same bank said.

The spread on the bond was set 8 basis points above the yield of the 1.40% June 2053 OLO. The bond, which has a 3.3% coupon, was priced at 99.070, at a yield of 3.349%, the same bank said.

Joint lead managers of the transaction were BNP Paribas Fortis, Deutsche Bank, J.P. Morgan, Morgan Stanley and Nomura.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

02-15-23 0922ET