Belgian issuers ignore long dated demand

By Kathleen Gallagher
08 May 2014

Investors are hungry for duration from Belgian sub sovereign issuers, which are looking to tap the demand and will push further out the maturity curve in the coming weeks, according to bankers. But some of the borrowers are sticking to medium term deals, opting for clips with maturities between three and five years.

Despite the increased interest in longer dated notes, Brussels Regional Fund for Refinancing, which provides loans to help municipalities in trouble, sold its shortest ever notes through Belfius on Monday.

It printed a €10m December 2017 clip, which pays a coupon of 21.6bp over quarterly Euribor. It also ...

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