Dutch State reopens DSL 2047
On Tuesday 8 October 2019, the Dutch State Treasury Agency (DSTA) will reopen a longer-dated off-the-run DSL. Following a market consultation it has been decided that this will be the ‘DSL 2.75% 15 January 2047’.
The characteristics of the bond are:
|
Maturity date |
15 January 2047 |
|
Coupon |
2.75% |
|
Issue date |
8 October 2019 |
|
Settlement date |
10 October 2019 |
|
Target amount |
€ 1 to € 2 billion |
|
Current outstanding amount |
€ 14,095,187,000 |
|
First issue of this bond |
18 February 2014 |
On the issue date at 10 a.m. (CEST), the DSTA will announce the price at which Primary Dealers can 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 in the auction through the Primary Dealers. The list of Primary Dealers and the borrowing requirements are available on the website. Primary Dealers have the right (under the usual conditions) to use the “non-comp” facility after the auction has been closed. Liquidity of the bond will be guaranteed through a repo facility available to the Primary Dealers.