Quarterly outlook and issuance calendar third quarter 2016
Today, the DSTA published the Quarterly outlook and announced the issuance calendar for the third quarter of 2016. The Quarterly outlook contains an update of the funding plan and the latest economic and budgetary projections.
The DSL and DTC issuance calendars for the third quarter are shown below. Three reopenings of Dutch State Loans (DSLs) are planned in the third quarter. In July the 10-year DSL 2026 will be reopened. Traditionally, August is an auction-free month for DSLs. In September there will be two auctions. First, the new 5 year DSL 2022 will be reopened for the first time. Finally, the off-the-run DSL 2037 will be reopened. The third quarter has six auction dates for Dutch Treasury Certificates (DTCs).
DSL issuance calendar third quarter 2016
|
Month of issuance |
Auction date |
Details |
Target volume (€ bn) |
|
July |
12 |
Reopening 0.50% DSL 15 July 2026 |
1.5 - 2.5 |
|
September |
13 |
Reopening 0% DSL 15 January 2022 |
2 - 3 |
|
September |
27 |
Reopening 4% DSL 15 January 2037 |
0.75 - 1.25 |
Note: Announcement of all auction details is on the Wednesday prior to the auction date (t-6).
DTC issuance calendar third quarter 2016
|
Auction date |
Settlement date |
3 months programme |
6 months programme |
|
4-7-2016 |
6-7-2016 |
30-9-2016 |
30-12-2016 |
|
18-7-2016 |
20-7-2016 |
30-9-2016 |
30-12-2016 |
|
1-8-2016 |
3-8-2016 |
31-10-2016 |
31-1-2017 |
|
15-8-2016 |
17-8-2016 |
31-10-2016 |
31-1-2017 |
|
5-9-2016 |
7-9-2016 |
30-11-2016 |
28-2-2017 |
|
19-9-2016 |
21-9-2016 |
30-11-2016 |
28-2-2017 |
Note: shaded fields indicate new programmes; announcement of all auction details is on the Wednesday prior to the auction date (t-5).