Reopening DSL 2047 raises € 985 million

The reopening of the off-the-run ‘DSL 2.75% 15 January 2047’ today raised an amount of € 985 million. Settlement is on Thursday 13 July 2017.

The results of the auction are as follows:

Average price € 131.88
Average yield 1.420%
Volume raised € 985,000,000
New outstanding volume € 13,124,187,000

The bonds were auctioned via the screens of MTS Netherlands (MTS). The Primary Dealers have a non-comp facility for a period of three days after the closure of the issue. The facility is capped at 15% of the volume issued at the auction. If Primary Dealers use this facility, the volume outstanding will increase. For the up-to-date figures on the outstanding amount per bond, please consult this website.