Belgium considers 50-year maturity bond issue

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According to the Belgian newspaper L’Echo, Belgium has plans to issue debt bonds with a maturity of 50 years by the end of 2015. The yield would reach 1.50%.

Jean Deboutte, director strategy at the Belgian debt agency told L’Echo that the probability of issuing the OLO (Belgian sovereign bonds) is up to 50%. A 50-year maturity would be a record since the longest one ever recorded for an OLO reaches hitherto 32 years.

France in 2010 and Austria in 2012 have already issued bonds with the same duration.

Deboutte also told L’Echo that despite a low-rate environment, investors have already shown interest in a OLO with a maturity of 50 years. “We need €1.5bn to €2bn to issue a 50-year OLO,” Deboutte added.

The average maturity of the Belgian debt has reached 7,7 years and its average rate is up to 3,1%.

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ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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