Dutch State reopens 30-year bond
On Tuesday 12 April 2016 the Dutch State will reopen the ‘DSL 2.75% 15 January 2047’.
The characteristics of this bond are:
|
Maturity date |
15 January 2047 |
|
Coupon |
2.75% |
|
Issue date |
12 April 2016 |
|
Settlement date |
14 April 2016 |
|
Target amount |
€ 0.75 to € 1.25 billion |
|
Outstanding volume |
€ 10,156,187,000 |
|
Launch of this bond |
18 February 2014 |
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.
Liquidity in this bond will be guaranteed through a repo facility available to the Primary Dealers.