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).