Dutch State reopens 5-year bond
On Tuesday 24 January 2017 the Dutch State will reopen the ‘DSL 0% 15 January 2022’.
The characteristics of this bond are:
|
Maturity date |
15 January 2022 |
|
Coupon |
0% |
|
Issue date |
24 January 2017 |
|
Settlement date |
26 January 2017 |
|
Target amount |
€ 2.0 to € 3.0 billion |
|
Outstanding volume |
€ 7,976,112,000 |
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 the 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. The DSTA’s objective is to raise the outstanding amount of this bond to at least € 15 billion within a year of its launch.