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Belgium 2022 funding plan

EUROZONE ISSUANCE
  • Gross borrowing requirement E48.28bln (2021: E43.20bln, multi-year budget estimate for 2022: E46.73bln).
  • Net financing requirement is E18.35bln. Redemptions E27.59bln plus E1.84bln of buybacks of 2023 debt.
  • E41.20bln of OLOs to be issued (E39.23bln in 2021, multi-year budget estimate for 2022: E41.00bln) and E3.00bln of EMTN/Schuldscheine funding.
  • Up to 3 new benchmark OLOs intended to be launched in three syndications (up from 2 in 2021).
  • New 10-year and 30-year OLOs to be launched and also a Green OLO with maturity to be determined.
  • 11 conventional auctions scheduled which can be cancelled for syndications - monthly except December(up from 7 in 2021).
  • 8 ORI operations up to E500mln each (5 in 2021).
  • TC stock expected to increase by E2.0bln to E31.4bln.

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