New 10-year DSL 2034 raises €6.00 billion

Today, 6 February 2024, 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 2034.

In total more than €28.5 billion bids have been received in the order book. An amount of €6,000,584,000 was allocated at an uniform cut-off spread of +33.5 basis points over the reference bond, the DBR 2.20% 15 February 2034. Of this amount 68.68% is allocated to ‘real money’ accounts and 31.32% to ‘other’ accounts.

The issuance price was set at €98.41, which corresponds to an issuance yield of 2.678%.

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