On Tuesday 10 May 2016 the Dutch State will reopen the ‘DSL 0.50% 15 July 2026’.
The characteristics of this bond are:
|
Maturity date |
15 July 2026 |
|
Coupon |
0.50% |
|
Issue date |
10 May 2016 |
|
Settlement date |
12 May 2016 |
|
Target amount |
€ 2.0 to € 3.0 billion |
|
Outstanding volume |
€ 5,720,051,000 |
|
Launch of this bond |
22 March 2016 |
On the issue date at 10 a.m. (CET), the DSTA will announce the price at which Primary Dealers may buy the issue. 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. Professional and private investors may participate through the Primary Dealers. The list of Primary Dealers and the borrowing conditions can be found on this website. Primary Dealers have (under the usual conditions) the right to use the “non-comp” facility after the closure of the auction.
The DSTA’s objective is to raise the outstanding amount of this bond to at least € 15 billion within 12 months of its launch. Liquidity in this bond will be guaranteed through a repo facility available to the Primary Dealers.