Dutch State reopens the DSL July 2034
On Tuesday 30 April 2024, the Dutch State Treasury Agency (DSTA) will reopen the ‘DSL 2.50% 15 July 2034’.
The characteristics of this bond are:
|
Maturity date |
15 July 2034 |
|
Coupon |
2.50% |
|
Issue date |
30 April 2024 |
|
Settlement date |
3 May 2024* |
|
Target amount |
€2.0 to €2.5 billion |
|
Current outstanding amount |
€6,000,584,000 |
|
First issue of this bond |
6 February 2024 |
*Please note that settlement will take place on 3 May 2024 due to closure of TARGET2 on 1 May
On the issue date at 10 am (CEST), the DSTA will announce the price at which Primary Dealers can buy the bond. The issuance will take the form of a tap auction, during which the DSTA may revise the price at any time. The price will be announced on the screens of MTS Netherlands and Bloomberg DSTA. Prior to the auction, at 9.15 am (CEST), each Primary Dealer will be offered the possibility to take up 3% of the maximum targeted range against the average price set during the auction. The Primary Dealers can accept this offer via Bloomberg chat until 9.20 am (CEST). If a Primary Dealer makes use of this possibility, the transaction is binding after 9.20 am (CEST), and the nominal amount so pre-allocated will be taken into account in the total volume issued at the auction.
Professional and private investors may participate in the auction through the Primary Dealers. The Primary Dealers and the borrowing conditions are available on the website. Primary Dealers have the right (under the applicable Primary Dealer conditions) to use the “non-comp” facility after the auction has been closed. Liquidity of the bond will be guaranteed through a repo facility available to the Primary Dealers.