Belgium aims to sell 2.5-3.5bn euros of bonds at auction

BRUSSELS: Belgium plans to raise between 2.5 and 3.5 billion euros ($3.4-4.8 billion) of medium- and long-term debt on Monday in its first auction of the year.

The double-A rated sovereign will offer the 4.00 percent March 2019 bond, a new 2.60 percent June 2024 bond and the 4.25 percent March 2041 issue.

The country aims to sell 30 billion euros ($40.9 billion) of medium- and long-term OLO bonds this year, compared with 42.33 billion euros in 2012.

It typically increases its target during the course of the year to fund future requirements.

It has so far raised 5 billion euros with the new 10-year OLO through a syndicate of banks.