Belgium shakes off volatility for 30 year, AFD adds to supply

15 Apr 2010

The Kingdom of Belgium took advantage of improved market conditions in the wake of the Greek rescue plan formulated over the weekend to issue its first 30 year OLO since 2004 on Wednesday.

The $4bn deal, maturing in March 2041, attracted a book of Eu6bn in less than 24 hours, evidence of pent-up demand for longer dated product, which has been in short supply this year.

Other issuers are expected to follow Belgium into the long end, the first contender expected to ...

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