The Belgian Debt Agency is considering entering interest-rate swaps to convert EUR10-15 billion (USD9.5-14.3 billion) of its floating rate debt into fixed-rate debt this year. Anne Leclercq, head of the front office, said the potential for rising interest rates in Europe is causing the debt agency to look at this option for its floating-rate portfolio, which totals USD30 billion. She added that its budgetary needs would also play a role in the decision. Leclercq was speaking at the Euromoney Global Borrowers & Investors Conference at the London Hilton on Wednesday.
Belgian Debt Agency Eyes EUR10-15 Billion Swap
