Dutch State reopens the green bond: DSL 2040
On Tuesday 23 February 2021, the Dutch State Treasury Agency (DSTA) will reopen the ‘DSL 0.50% green bond 2019 due 15 January 2040’.
The characteristics of this bond are:
|
Maturity date |
15 January 2040 |
|
Coupon |
0.50% |
|
Issue date |
23 February 2021 |
|
Settlement date |
25 February 2021 |
|
Target amount |
€ 1.5 to € 2.5 billion |
|
Current outstanding amount |
€ 8,993,004,000 |
|
First issue of this bond |
21 May 2019 |
The proceeds of the green bond will be allocated to green, or climate-related expenditures and investments undertaken by the Dutch government, as described in the Green Bond Framework.
On the issue date at 10 a.m. (CET), the DSTA will announce the price at which Primary Dealers can buy the bond. 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 Primary Dealers and the borrowing conditions 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.