Dutch State increases call on money market and reopens the DSL 2031
On 21 November 2022 the Fall Budget Memorandum of the Dutch State was published. Increased expenditures, mainly related to energy support for households and SMEs, led to an increase in the funding need for 2022. As a result, the DSTA has decided to increase its call on the money market to finance the fluctuations in the funding need. In addition, the DSTA has decided to reopen the DSL 15 July 2031. This also promotes the liquidity in this particular DSL by alleviating scarcity concerns.
Details on re-opening of DSL 15 July 2031
On Tuesday 29 November 2022, the Dutch State Treasury Agency (DSTA) will reopen the ‘DSL 0.00% 15 July 2031’.
The characteristics of this bond are:
|
Maturity date |
15 July 2031 |
|
Coupon |
0.00% |
|
Issue date |
29 November 2022 |
|
Settlement date |
1 December 2022 |
|
Target amount |
€ 1.0 to € 1.5 billion |
|
Current outstanding amount |
€ 13,359,805.00 |
|
First issue of this bond |
9 February 2021 |
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.