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Belgium's Gross Borrowing Needs to Rise Slightly in 2023 Vs. 2022

12/09/2022 | 06:47am EST

By Emese Bartha


Belgium's gross borrowing requirements in 2023 should amount to 51.07 billion euros ($53.90 billion), an increase of EUR2.58 billion versus 2022, the Belgian Debt Agency said on Friday.

The country's net financing requirement is expected to amount to EUR27.54 billion next year, resulting from Belgium's 2023 government draft budgetary plan, the debt agency said.

The debt agency plans to issue EUR45 billion in government bonds, or OLOs, an increase of EUR0.87 billion compared to EUR44.13 billion that is expected to be issued in 2022, it said.

The issuance of three new fixed-rate benchmarks are penciled in for next year through syndications.

The new issues include a 10-year OLO and at least one benchmark with a long maturity, for example a 20- or 30-year OLO, the debt agency said. The maturity of a third new benchmark bond, as well as the timing of the planned syndications, will be guided by investor demand and the yield environment, it said.


Write to Emese Bartha at emese.bartha@wsj.com


(END) Dow Jones Newswires

12-09-22 0646ET

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