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Belgian 2.75% Apr-39 Green OLO: Priced

  • Reoffer: 99.956 to yield 2.754%
  • Spread set earlier at 1.90% Jun-38 OLO +6bps (initial guidance was +8bps area)
  • Size: E4.5bln (MNI had expected up to E5bln)
  • Books closed in excess of E32bln (inc JLM interest of E1.7bln)
  • HR 110% vs 1.90% Jun-38
  • Maturity: 22-Apr-2039
  • Coupon: 2.75% Annual ACT/ACT, short first to 22-Apr-2023
  • ISIN: BE0000356650
  • Bookrunners: BNPPF,CACIB(B&D/DM),HSBC,JPM
  • Timing: Hedge deadline 12:55BST / 13:55CET
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