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Belgium plans 20 years syndicated benchmark bond

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By Muhammad Iqbal
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imageLONDON: The Kingdom of Belgium, rated Aa3/AA/AA, plans to issue a new 20-year syndicated benchmark bond and has hired four banks to manage the offering.

The sovereign has mandated Barclays, HSBC, RBS and Societe Generale to lead the issue, which is expected to come to market "in the near future," a message from the lead managers said on Monday.

The new notes will mature on June 22, 2034 and will be issued in the Reg S format. An auction scheduled for March 24 has been cancelled.-Reuters

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