Dutch State reopens the DSL 2028

On Tuesday 23 May 2023, the Dutch State Treasury Agency (DSTA) will reopen the ‘DSL 0.75% 15 July 2028’.

The characteristics of this bond are:

Maturity date

15 July 2028



Issue date

23 May 2023

Settlement date

25 May 2023

Target amount

€ 2 to € 2.5 billion

Current outstanding amount

€ 17,126,941,000

First issue of this bond

13 March 2018

On the issue date at 10am (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. Prior to the auction, at 9.15am (CET), each Primary Dealer will be offered the possibility to take up 3% of the maximum targeted range against the average price set during the auction. The Primary Dealers can accept this offer via Bloomberg chat until 9.20am (CET). If a Primary Dealer makes use of this possibility, the transaction is binding after 9.20am (CET), and the nominal amount so pre-allocated will be taken into account in the total volume issued at the auction.

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 been closed. Liquidity of the bond will be guaranteed through a repo facility available to the Primary Dealers.