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Less OLO and TC issuance for 2020

BELGIUM
  • The BDA has revised its borrowing requirements for 2020 and now expects net borrowing of EUR31.5bln in 2020, down by EUR8.4bln from the June update.
  • Gross funding will fall to EUR51.46bln.
  • OLO issuance is now planned at EUR44.5bln, down from EUR46.5bln.
  • Other MT/LT issuance includes EUR2.0bln of expected SURE disbursements and EUR2.0bln of EMTNs.
  • Treasury Certificates are expected to rise by EUR3.0bln for the year (down from EUR10.0bln).

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