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Netherlands Raises EUR4.954 Billion in New January 2054-Dated Bond — Update

By Emese Bartha

 

The Netherlands sold 4.954 billion euros ($4.76 billion) in a new 2.00% January 2054-dated government bond, or DSL, attracting EUR16.7 billion euros in demand on Tuesday, Dutch State Treasury Agency said.

The allocated amount is at the upper end of the DSTA's EUR3 billion-EUR5 billion issuance target. The bulk, 72.87%, of the issue has been allocated to real-money investors--those with a long-term investment horizon--, while 27.13% of the issue went to other investors, the DSTA said.

The cut-off spread on the bond was set at 35.5 basis points above the 0% August 2052 Bund, the DSTA said. The bond was priced at 92.79, at a yield of 2.327%, the DSTA said.

 

Write to Emese Bartha at emese.bartha@wsj.com

 

(END) Dow Jones Newswires

September 27, 2022 07:16 ET (11:16 GMT)

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