Belgium in the news

  • Greece and Flemish Community head to long end after France shines with second GrOAT

    Greece and the Flemish Community are preparing to sell syndicated bonds at the long end of the euro curve following a strong reception for France with the sale of its second green OAT on Tuesday.

    • 16 Mar 2021
  • SSA secondary pricing update: Cyprus tightens by 10bp

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 8. The source for secondary trading levels is ICE Data Services.

    • 09 Feb 2021
  • Eurozone sovereigns extend curves amid red hot duration bid

    Three eurozone sovereigns all extended their euro curves with huge order books for syndicated transactions this week in a sign of rampant investor appetite for long-dated debt.

    • 04 Feb 2021
  • Portugal to follow Belgium and Finland to busy long end

    Portugal mandated banks on Tuesday to lead the sale of a new 30 year bond as it looks to pounce on the strong investor appetite in the long end of the euro curve.

    • 02 Feb 2021
  • France and Belgium announce 2021 funding

    France and Belgium announced borrowing programmes for 2021 this week. France is aiming for the same amount as this year, while Belgium is paring back its needs.

    • 10 Dec 2020
  • Belgium lines up 2021 borrowing

    The Belgian debt agency has announced its borrowing for 2021, reducing its requirements relative to the amount it has raised in 2020 — although it is a sharp increase relative to the amount it planned to raise this year before the pandemic hit.

    • 09 Dec 2020
  • Wallonia, Cades bring what may be year's last SSA benchmarks

    Two public sector borrowers hit the euro bond market on Wednesday, raising what might well be the final benchmark funding of 2020.

    • 25 Nov 2020
  • Belgium cuts 2020 funding requirement

    The Belgian debt agency has reduced its gross borrowing needs for 2020 by almost €10bn, with the sovereign’s OLO issuance also expected to be less than previously forecast.

    • 16 Nov 2020
  • EFSF hits screens with dual tranche, big size expected

    The European Financial Stability Facility mandated banks on Monday to lead a euro dual tranche transaction in what could be the issuer’s first and final outing of the fourth quarter.

    • 05 Oct 2020
  • CFB busy in MTNs after seven months away

    Communauté Française de Belgique returned in mid-August after a seventh month absence to print a slew of deals for a combined €404m, according to Dealogic.

    • 27 Aug 2020
  • Bank of China (Djibouti) debuts in MTNs

    Bank of China sold its first ever bond out of its Djibouti branch on Monday, as Chinese issuers pour into capital markets to make up for time lost to the coronavirus pandemic.

    • 26 Jun 2020
  • Austria and Belgium rumoured for syndications

    Austria and Belgium could bring syndicated transactions as early as next week, according to SSA bankers, after both sovereigns recently announced bigger funding programmes in response to the coronavirus pandemic.

    • 18 Jun 2020
  • Belgium revises 2020 funding plan but keeps eye on SURE

    The Belgian debt agency has made an upward revision to its funding programme for the year after a re-examination of the impact of the coronavirus pandemic. But the sovereign is closely watching the progress of the European Commission’s Support to mitigate Unemployment Risks in an Emergency (SURE) fund, which would result in lower borrowing from the market.

    • 17 Jun 2020
  • Flemish Community plans dual tranche as public finances take hit from Covid-19

    The Flemish Community has mandated banks to arrange the sale of new seven and 30 year bonds as the Belgian sub-sovereign looks to pump in cash to finance a budget deficit which has arisen from the coronavirus pandemic.

    • 15 Jun 2020
  • France smashes 20 year as demand heats up in long end

    France impressed as it received a record €51bn order book and paid a small new issue premium with its first syndication since the outbreak of the Covid-19 pandemic. The sovereign was joined in the long end of the curve this week by two sub-sovereign borrowers as investor appetite for duration grows, with more supply expected to follow.

    • 28 May 2020
  • Wallonne hits long end with debut social bond as Bpifrance takes size

    The Belgian region of Wallonne took advantage of the growing demand in the long end of the curve to sell its first social bond on Thursday, although it had to pay a chunky new issue premium to do so. Elsewhere, Bpifrance received plenty of demand to print €1.25bn with a 10 year trade.

    • 28 May 2020
  • France breaks book record as SSA investors seek duration

    France received its biggest ever order book as it came to the market for a 20 year syndication on Tuesday. SSA bankers say that investors are looking for duration after previously sticking to defensive maturities as the Covid-19 crisis eases.

    • 27 May 2020
  • Belgium USD1.5bn 1% May 30

    • 21 May 2020
  • Dollars keeps centre stage in SSA primary

    Dollars was the favoured currency for public sector borrowers for the second week running this week, giving attractive funding conditions for euro borrowers amid strong investor demand, particularly in the 10 year part of the curve.

    • 21 May 2020
  • Belgium returns to dollars as AIIB and NWB ready SRI bonds

    Belgium took advantage of more attractive funding conditions in dollars versus euros and strong demand at the 10 year point of the curve to sell its first dollar bond since 2017 on Tuesday. SSA supply in dollars will continue on Wednesday with the Asian Infrastructure Investment Bank and Nederlandse Waterschapsbank bringing socially responsible deals.

    • 19 May 2020

Dealer League Table Belgium

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2.49 2 18.52%
1 BNP Paribas 2.49 2 18.52%
3 SG Corporate & Investment Banking 1.49 1 11.14%
3 Natixis 1.49 1 11.14%
3 Citi 1.49 1 11.14%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 10.32 10 10.59%
2 JPMorgan 9.57 13 9.82%
3 Nomura 9.49 9 9.74%
4 Deutsche Bank 8.69 9 8.92%
5 HSBC 7.49 7 7.68%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 16.30 28 13.42%
2 JPMorgan 13.72 32 11.30%
3 HSBC 8.80 22 7.25%
4 BofA Securities 7.68 15 6.33%
5 BMO Capital Markets 6.49 10 5.34%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18.40 43 9.08%
2 Deutsche Bank 18.01 25 8.89%
3 Citi 16.47 20 8.13%
4 Barclays 13.49 21 6.66%
5 HSBC 12.63 23 6.24%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 37.34 58 9.23%
2 JPMorgan 35.63 124 8.81%
3 Deutsche Bank 27.56 42 6.81%
4 HSBC 25.10 55 6.20%
5 Barclays 21.56 42 5.33%