The Dutch State announces the auction date for a new 30-year bond and the timeline for publication of the Outlook for the fourth quarter of 2022

News item | 17-08-2022 | 12:00

Auction of new 30-year bond on 27 September 2022
In its Outlook 2022, the DSTA announced that it would issue a new 30-year bond. Today the DSTA announces the characteristics for the issuance of this new 30-year bond. The auction date, maturity date, reference bond and target volume are as follows:
 

Auction date	Tuesday 27 September 2022, start 10:00 CET
Maturity date	15 January 2054
Reference bond	DBR 0.00% 15 August 2052
Target volume	€ 3 to € 5 billion
Pricing	Aim to price on the auction date, but no later than 12:00 CET on 28 September 2022
Settlement date	Two days after the issuance price is set
Coupon	To be announced on Friday 23 September 2022
Initial spread guidance	To be announced on Monday 26 September 2022

The DSTA expects this auction to take place via a Dutch Direct Auction (DDA). As always, the DSTA reserves the right to change the auction method or date of the auction should circumstances warrant this. Specific to the DDA is the direct placement of debt with end-investors. During the DDA, investors can place their bids via one or more Primary Dealers.

On the issue date of the DDA, 27 September 2022, the book opens at 10:00 CET and closes at 17:00 CET at the latest. The allocation will be announced as soon as possible after the closing of the book. The pricing will occur at the earliest 30 minutes after allocation and no later than 12:00 CET on the following day. The DSTA aims to price on the auction date itself. More information on the DDA auction methodology can be found on http://www.english.dsta.nl.

Fourth quarter issuance calendar

At the latest on Wednesday 21 September 2022 the Outlook for the fourth quarter, including an update on the Dutch economy, budget, climate and funding need will be published. This document will also contain the expected issuance calendar for the last quarter of 2022.