New 10-year DSL 2033 raises € 5.995 billion

Today, 7 February 2023, the DSTA launched a new 10-year DSL via a Dutch Direct Auction (DDA). The bond has an annual coupon of 2.50% and will mature on 15 July 2033.

In total more than € 20.62 billion bids have been received in the order book. An amount of € 5,994,993,000 was allocated at a uniform cut-off spread of +33.5 basis points over the reference bond, the DBR 2.30% 15 February 2033. Of this amount 70.2% is allocated to ‘real money’ accounts and 29.8% to ‘other’ accounts.

The issuance price was set at € 98.60, which corresponds to an issuance yield of 2.656%.

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