Dutch state to sell new 5-year bond on July 3

AMSTERDAM: The Dutch State Treasury Agency (DSTA) said on Thursday it will sell its new five-year benchmark bond - the Dutch State Loan, or DSL, maturing on January 15, 2018 - at an auction on July 3.

Further details such as the coupon, target size, reference bond and spread guidance will be announced in future. Subsequent reopenings of the bond will raise the outstanding amount to at least 15 billion euro within a year of the first issuance, it said.