Today, 3 March 2026, the DSTA launched a new 10-year DSL via a Dutch Direct Auction (DDA). The bond has an annual coupon of 2.75% and will mature on 15 July 2036.
In total €24,1 billion in bids has been received in the order book. An amount of €6,993,232,000 was allocated at an uniform cut-off spread of +14.5 basis points over the reference bond, the DBR 2.90% 15 February 2036. Of this amount 82.39% is allocated to ‘real money’ accounts and 17.61% to ‘other’ accounts.
The issuance price was set at € 98.20, which corresponds to an issuance yield of 2.995%.
Please refer to the one-pager-10-year DDA for more details about the allocation.