New 10-year DSL 2031 raises € 5.989 billion

Today, 9 February 2021, the DSTA launched a new 10-year DSL via a Dutch Direct Auction (DDA). The bond has an annual coupon of 0.00% and will mature on 15 July 2031.

An amount of € 5,989,805,000 was allocated at a uniform cut-off spread of +12.5 basis points over the reference bond, the DBR 0% 15 February 2031. Of the total amount 73% is allocated to ‘real money’ accounts and 27% to ‘other’ accounts.

The issuance price was set at € 103.35, which corresponds to an issuance yield of -0.316%.

Please refer to the one-pager-10-year DDA for more details about the allocation.