DDA-special and issuance calendar second quarter 2016

Today, in the run up to the DDA on 22 March 2016, the DSTA published the Quarterly outlook in the form of a DDA-special and announced the issuance calendar for the second quarter of 2016.

The DDA-special contains an update of the funding plan, information about the DDA-process and the latest economic and budgetary projections.

The DSL and DTC issuance calendars for the second quarter are shown below. Two reopenings of Dutch State Loans (DSLs) are planned in the second quarter as well as the launch of a new 5-year benchmark bond. This new bond will be launched by means of a Dutch Direct Auction (DDA). The second quarter has six auction dates for Dutch Treasury Certificates (DTCs).

DSL issuance calendar second quarter 2016

Month of issuance

Auction date

Details

Target volume

(€ bn)

April

12

Reopening 2.75% DSL 15 January 2047

0.75 – 1.25

May

10

Reopening 0.50% DSL 15 July 2026

2 - 3

June

The date for the DDA will be announced in due time.

New 5-year DSL

The target volume will be announced in due time.

Note: announcement of all auction details is on the Wednesday prior to the auction date (t-6).

DTC issuance calendar second quarter 2016

Auction date

Settlement date

3 months programme

6 months programme

4-4-2016

6-4-2016

30-6-2016

30-9-2016

18-4-2016

20-4-2016

30-6-2016

30-9-2016

2-5-2016

4-5-2016

29-7-2016

31-10-2016

17-5-2016*

19-5-2016

29-7-2016

31-10-2016

6-6-2016

8-6-2016

31-8-2016

30-11-2016

20-6-2016

22-6-2016

31-8-2016

30-11-2016

*On Tuesday, due to a national holiday on Monday

Note: shaded fields indicate new programmes; announcement of all auction details is on the Wednesday prior to the auction date (t-5).