Belgium in the news

  • EFSF hits screens with dual tranche, big size expected

    The European Financial Stability Facility mandated banks on Monday to lead a euro dual tranche transaction in what could be the issuer’s first and final outing of the fourth quarter.

    • 05 Oct 2020
  • CFB busy in MTNs after seven months away

    Communauté Française de Belgique returned in mid-August after a seventh month absence to print a slew of deals for a combined €404m, according to Dealogic.

    • 27 Aug 2020
  • Bank of China (Djibouti) debuts in MTNs

    Bank of China sold its first ever bond out of its Djibouti branch on Monday, as Chinese issuers pour into capital markets to make up for time lost to the coronavirus pandemic.

    • 26 Jun 2020
  • Austria and Belgium rumoured for syndications

    Austria and Belgium could bring syndicated transactions as early as next week, according to SSA bankers, after both sovereigns recently announced bigger funding programmes in response to the coronavirus pandemic.

    • 18 Jun 2020
  • Belgium revises 2020 funding plan but keeps eye on SURE

    The Belgian debt agency has made an upward revision to its funding programme for the year after a re-examination of the impact of the coronavirus pandemic. But the sovereign is closely watching the progress of the European Commission’s Support to mitigate Unemployment Risks in an Emergency (SURE) fund, which would result in lower borrowing from the market.

    • 17 Jun 2020
  • Flemish Community plans dual tranche as public finances take hit from Covid-19

    The Flemish Community has mandated banks to arrange the sale of new seven and 30 year bonds as the Belgian sub-sovereign looks to pump in cash to finance a budget deficit which has arisen from the coronavirus pandemic.

    • 15 Jun 2020
  • France smashes 20 year as demand heats up in long end

    France impressed as it received a record €51bn order book and paid a small new issue premium with its first syndication since the outbreak of the Covid-19 pandemic. The sovereign was joined in the long end of the curve this week by two sub-sovereign borrowers as investor appetite for duration grows, with more supply expected to follow.

    • 28 May 2020
  • Wallonne hits long end with debut social bond as Bpifrance takes size

    The Belgian region of Wallonne took advantage of the growing demand in the long end of the curve to sell its first social bond on Thursday, although it had to pay a chunky new issue premium to do so. Elsewhere, Bpifrance received plenty of demand to print €1.25bn with a 10 year trade.

    • 28 May 2020
  • France breaks book record as SSA investors seek duration

    France received its biggest ever order book as it came to the market for a 20 year syndication on Tuesday. SSA bankers say that investors are looking for duration after previously sticking to defensive maturities as the Covid-19 crisis eases.

    • 27 May 2020
  • Belgium USD1.5bn 1% May 30

    • 21 May 2020
  • Dollars keeps centre stage in SSA primary

    Dollars was the favoured currency for public sector borrowers for the second week running this week, giving attractive funding conditions for euro borrowers amid strong investor demand, particularly in the 10 year part of the curve.

    • 21 May 2020
  • Belgium returns to dollars as AIIB and NWB ready SRI bonds

    Belgium took advantage of more attractive funding conditions in dollars versus euros and strong demand at the 10 year point of the curve to sell its first dollar bond since 2017 on Tuesday. SSA supply in dollars will continue on Wednesday with the Asian Infrastructure Investment Bank and Nederlandse Waterschapsbank bringing socially responsible deals.

    • 19 May 2020
  • Belgium set for dollar return as SSAs seek arb

    Belgium is set to issue its first dollar bond since 2017 as euro funders continue to take advantage of the attractive funding conditions in the currency, with three other public sector borrowers also in the market for dollars.

    • 18 May 2020
  • Belgium and Ireland bump up funding in response to Covid-19

    Belgium and Ireland announced increases to their 2020 funding requirements this week, as they look to counter the impact of the coronavirus pandemic.

    • 23 Apr 2020
  • Belgium bumps up funding in response to coronavirus

    The Belgian Debt Agency has announced an increase to its financing requirements for 2020 in response to the coronavirus pandemic, which will see it borrow an extra €20.41bn.

    • 20 Apr 2020
  • SSA secondary pricing update: L-Bank achieves strong performance

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, April 6. The source for secondary trading levels is ICE Data Services.

    • 07 Apr 2020
  • Belgium EUR8bn 0% Oct 27

    • 02 Apr 2020
  • Portugal lines up as Belgium takes record €55bn book

    Portugal will be hoping to mirror the success of Belgium after the latter smashed records in the public sector bond market on Tuesday with the biggest ever order book for an SSA borrower in euros. Both Portugal and Belgium have announced an anticipated increase to their 2020 funding programmes as result of the Covid-19 crisis.

    • 31 Mar 2020
  • Belgium out for bond, as sovereigns up funding in response to Covid-19

    Belgium has picked banks for a seven year benchmark, publishing the mandate just after joining the throng of sovereigns upping their funding requirements. Norway has also raised the size of its borrowing programme.

    • 30 Mar 2020
  • Wallonia coming for sustainability bond; opts for calls over meetings amid pandemic

    The Belgian region of Wallonia has decided to conduct the investor marketing for its euro sustainability benchmark solely over the phone rather than by attending meetings as the Covid-19 pandemic worsens.

    • 12 Mar 2020

Dealer League Table Belgium

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3.40 3 14.75%
2 Credit Agricole CIB 3.12 2 13.53%
3 JPMorgan 2.57 3 11.13%
4 Morgan Stanley 2.16 2 9.36%
5 HSBC 1.78 1 7.74%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 38.84 54 9.95%
2 BNP Paribas 33.77 38 8.65%
3 Citi 29.08 41 7.45%
4 BofA Securities 24.86 61 6.37%
5 Barclays 23.07 39 5.91%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 51.31 118 11.65%
2 JPMorgan 39.25 85 8.91%
3 HSBC 32.24 89 7.32%
4 Goldman Sachs 31.65 55 7.19%
5 BofA Securities 30.95 75 7.03%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63.08 139 8.90%
2 BNP Paribas 55.58 101 7.85%
3 UniCredit 46.75 113 6.60%
4 HSBC 45.25 133 6.39%
5 Credit Agricole CIB 43.66 101 6.16%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 124.42 345 7.56%
2 Citi 108.24 237 6.58%
3 HSBC 94.83 294 5.76%
4 BofA Securities 84.25 229 5.12%
5 Deutsche Bank 75.31 201 4.58%