2.50% coupon for new 7-year Dutch State Loan 2030
Today the coupon for the new 7-year benchmark bond of the Dutch State has been set at 2.50%. The DSTA will launch the new bond on Tuesday 4 April through the MTS platform. The bond matures on 15 January 2030.
The characteristics of this bond are:
|
Auction date |
Tuesday 4 April 2023, start 10:00 CET |
|
Maturity date |
15 January 2030 |
|
Target volume |
€ 3 - € 5 billion |
|
Settlement date |
Thursday 6 April 2023 |
|
Coupon |
2.50% |
The DSTA aims to raise € 3 to 5 billion in this auction. The DSTA’s objective is to raise the total outstanding amount of this new 7-year bond to around € 12 billion within 18 months via several reopenings. Liquidity will be guaranteed through a repo facility available to the Primary Dealers (PDs).
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 place through 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 applicable Primary Dealer conditions) to use the “non-comp” facility after the auction has taken place.