New 10-year DSL 2035 raises € 6 billion
Today, 4 March 2025, 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 2035.
In total € 29.46 billion in bids has been received in the order book. An amount of € 5,999,507,000 was allocated at an uniform cut-off spread of +25.5 basis points over the reference bond, the DBR 2.50% 15 February 2035. Of this amount 83.73% is allocated to ‘real money’ accounts and 16.27% to ‘other’ accounts.
The issuance price was set at € 97.96, which corresponds to an issuance yield of 2.730%.
Please refer to the one-pager-10-year DDA for more details about the allocation.