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Cancellation (but potential syndication)

BELGIUM AUCTION PREVIEW
  • Belgium has announced that the OLO auction scheduled for 19 September has been cancelled.
  • However, it has given the reason that this is "Following the Green OLO framework investor meetings and calls that took place between the 5th and 9th of September"
  • This suggests to us that instead, Belgium will launch its new Green OLO via a syndicated transaction which is likely to be held either this week or next week.
  • Today may be a bit soon for a mandate announcement, but we wouldn't rule it out.

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