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Reopen 0.25% Jul-25 DSL / launch date for Jan-29 DSL

DUTCH AUCTION PREVIEW
  • The DSTA has announced that in its auction next week (31 August) it will reopen the 0.25% Jul-25 DSL for E1.5-2.5bln.
  • It has also announced that the new 8-year Jan-29 will be launched via conventional auction (not DDA) on 28 September (previously the DSTA had suggested either 14 September or 28 September).
  • The DSTA has stated that the size of the Jan-29 DSL will be increased to approximately E12bln within 12 months.
  • The 14 September auction date will be used to tap an existing DSL.

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