Dutch State reopens DSL 2026
On Tuesday 11 February 2020, the Dutch State Treasury Agency (DSTA) will reopen a short off-the-run DSL. Following a market consultation it has been decided that this will be the ‘DSL 0.5% 15 July 2026’.
The characteristics of the bond are:
|
Maturity date |
15 July 2026 |
|
Coupon |
0.50% |
|
Issue date |
11 February 2020 |
|
Settlement date |
13 February 2020 |
|
Target amount |
€ 1 to € 2 billion |
|
Current outstanding amount |
€ 15,113,051,000 |
|
First issue of this bond |
22 March 2016 |
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.