Belgium cuts 2020 funding requirement

By Burhan Khadbai
16 Nov 2020

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.

Belgium estimates its 2020 gross funding requirements amount to €51.46bn, down from June’s forecast of €60.35bn and more in line with April’s estimate of €51.87bn.

The sovereign expects to issue €48.51bn of medium and long term funding, of which OLO issuance would amount to €44.5bn. This is ...

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