March 11, 2014 / 8:27 AM / 4 years ago

Belgium sets guidance on new 20yr euro bond sale

LONDON, March 11 (IFR) - The Kingdom of Belgium, rated Aa3/AA/AA, has set initial price thoughts on its new 20-year syndicated bond sale at mid-swaps plus 60bp area, said a source with knowledge of the transaction on Tuesday.

Barclays, HSBC, RBS and Societe Generale are managing the deal which is expected to price later today to offer a yield of just over 3%.

The new notes, known as OLO 73, will mature on June 22, 2034 and will be issued in the Reg S format.

An auction scheduled for March 24 has been cancelled. (Reporting by John Geddie, editing by Julian Baker)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below