Current maturities

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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 the first months of 2018 the Flemish Community already did several private placements on the EMTN program for a total of 295 million euro.


Figure: Debt instruments 2016 and 2017
current mat 20162017.jpg

 

Outstanding EMTN issues
  Nominal amount Coupon Yield Start date End date
Private Placement 30.000.000 3,650%   10/03/2010  10/03/2020 
Private Placement 140.000.000 3,116%   18/08/2010 18/08/2020 
EMTN 750.000.000 3,000%   31/01/2012 31/01/2018 
Private Placement 626.500.000 1,341%   12/06/2015 12/06/2025 
Private Placement 180.000.000 1,887%   12/06/2015 12/06/2035 
Private Placement 133.500.000 0,854%   3/07/2015 3/07/2022 
Private Placement 35.000.000 2,317%   3/07/2015 3/07/2045 
Private Placement 56.500.000 1,707%   20/11/2015 20/11/2030 
EMTN + Private  Placement 800.000.000 1,000%   13/10/2016 13/10/2036 
EMTN 500.000.000 0,375%   13/10/2016 13/10/2026 
Private Placement 140.000.000 1,007%   10/11/2016 10/11/2031 
Private Placement 115.000.000 1,564%   12/11/2016 12/11/2046 
Private Placement 10.000.000 1,392%   12/11/2016 12/11/2041 
Schuldschein 17.500.000 1,007%   10/11/2016 10/11/2031 
Schuldschein                                  20.000.000 1,564%   12/11/2016 12/11/2036 
BM 250.000.000 0,375% 0,795% 2/06/2017 13/10/2026
BM 1.000.000.000 1,875%   2/06/2017 2/06/2042
Private Placement 20.000.000 1,656%   23/05/2017 23/02/2038
Private Placement 50.000.000 0,000% -0,440% 14/06/2017 14/06/2019
Private Placement 125.000.000 0,000% -0,318% 1/02/2018 1/02/2020
Private Placement 60.000.000 1,863%   28/02/2018 28/02/2048
Private Placement 30.000.000 1,603%   28/02/2018 1/03/2038
Private Placement 80.000.000 1,874%   28/03/2018 28/03/2058

Please look at the Cash & Debt Report for more information.  For the moment , there is no English version available of the Cash & Debt Report 2017. It will be published as soon as possible.