By Emese Bartha
The Dutch State Treasury Agency set March 4 as the launch date of a new 10-year, July 2035-dated government bond, or DSL, it said Wednesday.
The bond will be issued via a Dutch Direct Auction, whereby the DSTA acts as the sole bookrunner.
The DSTA aims to sell 4 billion euros to 6 billion euros ($4.17 billion to $6.26 billion) in the new 10-year bond. It will use the 2.50% February 2035 German Bund as pricing preference, the DSTA said.
In line with previous DDAs, the DSTA will announce the coupon on the new bond on the Friday before the sale and the initial spread guidance the day before.
The 10-year Dutch DSL yield falls 0.5 basis points to 2.718%, while the 10-year Bund yield is steady at 2.510%, according to Tradeweb.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
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