Belgium to auction 2014, 2021 and 2035 bonds

BRUSSELS : Belgium plans to sell three bonds at an auction next week, the debt agency said. The government will sell
17 Aug, 2011

The government will sell the 4 percent March 2014 OLO (linear bond) , the 4.25 percent Sept. 2021 bond and the 5 percent March 2035 bond on Aug 22.

All three bonds mature on the 28th of the given month.

The Belgian debt agency will announce the target range for the amount it intends to raise on Friday.

Belgium has so far raised almost 29 billion euros in bond issues this year, compared with the target of 34 billion euros it has set for the whole of 2011.

However, Belgium's debt agency raised significantly more than targeted in 2010 to pre-finance requirements for this year.

The failure to form a new government since last June's election and a public sector debt burden close to 100 percent combined with the euro zone debt crisis have pushed the premium investors demand to hold 10-year Belgian debt over German bunds to around 1.7 percentage points.

 

Copyright Reuters, 2011

 

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