Dutch State reopens 10-year bond

On Tuesday 11 October 2016 the Dutch State will reopen the ‘DSL 0.50% 15 July 2026’.

The characteristics of this bond are:

Maturity date

15 July 2026

Coupon

0.50%

Issue date

11 October 2016

Settlement date

13 October 2016

Target amount           

€ 1.5 to € 2.5 billion

Outstanding volume

€ 10,968,051,000

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.

The DSTA’s objective is to raise the outstanding amount of this bond to at least €15 billion within this calendar year. Liquidity in this bond will be guaranteed through a repo facility available to the Primary Dealers.