New 10-year DSL 2032 raises € 5.955 billion

Today, 15 February 2022, the DSTA launched a new 10-year DSL via a Dutch Direct Auction (DDA). The bond has an annual coupon of 0.50% and will mature on 15 July 2032.

An amount of € 5,955,815,000 was allocated at an uniform cut-off spread of +26 basis points over the reference bond, the DBR 0% 15 February 2032. Of the total amount 77% is allocated to ‘real money’ accounts and 23% to ‘other’ accounts.

The issuance price was set at € 99.28, which corresponds to an issuance yield of 0.572%.

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