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Belgium 5-year Benchmark: Mandate

EGB SYNDICATION

We had expected a 5/6-year OLO syndication in May, with an April offering less likely following last week's 30-year USD benchmark syndication. We expect a size of E5-8bln.


"The Kingdom of Belgium (rated Aa3/AA/AA-; outlook stable/stable/negative) intends to issue a new EURO syndicated benchmark bond maturing 22 October 2029 (OLO 102) in the near future, subject to market conditions.

  • The Kingdom has mandated BNP Paribas Fortis, Crédit Agricole CIB, J.P. Morgan, NatWest Markets and Société Générale as joint bookrunners. All other Primary Dealers of the Kingdom of Belgium will be invited to the syndicate group
  • Reg S Category 1, 144A eligible, CAC, FCA/ICMA Stabilisation
  • The OLO auction scheduled for 22 April 2024 is cancelled"
Details as per Bloomberg.

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