In 2015 the Flemish Community returned to capital markets for the first time since 2012. This was mainly to finance the (consolidated) debt for social housing, which previously was raised with guaranteed bank loans.
In 2016 the Flemish Community issued for the first time since 2012 a benchmark for the amount of 1.25 billion euro. This was mainly to finance the PPP project the schools of tomorrow and for social housing. The benchmark was a dual tranche, with 500 million euro on 10 years and 750 million euro on 20 years
Furthermore, the Flemish Community issued 315 million euro through private placements. To diversify the investor base, the Flemish Community also concluded for the first time two Schuldscheins for the limited amount of 37.50 million euro.
In 2017 the Flemish Community has managed to raise1.25 billion euro through its EMTN program. The issue was a dual tranche, with 1 billion euro on 25 years and a 250 million euro tap on the benchmark of 2026. Besides the benchmark the Flemish Community also issued 70 million euro through private placements.
In 2018 the Flemish Community raised 1.25 billion euro through the EMTN program. The first issue was a regular bond of EUR 750 million followed by sustainability bond of EUR 500 million. In addition the Flemish Community did several private placements in the first months of 2018 for a total of 295 million euro.
|Nominal amount||Coupon||Yield||Start date||End date|
|EMTN + Private Placement||800.000.000||1,000%||13/10/2016||13/10/2036|