New 15-year DSL 2038 raises € 5.880 billion

Today, 13 April 2021, the DSTA launched a new 15-year DSL via a Dutch Direct Auction (DDA). The bond has an annual coupon of 0.00% and will mature on 15 January 2038.

An amount of € 5,880,052,000 was allocated at a uniform cut-off spread of +17 basis points over the reference bond, the DBR 0% 15 May 2036. Of the total amount 67.10% is allocated to ‘real money’ accounts and 32.90% to ‘other’ accounts.

The issuance price was set at € 96.90, which corresponds to an issuance yield of 0.188%.

Please refer to the one-pager-15-year DDA for more details about the allocation.