Current maturities
In 2015 the Flemish Community returned to capital market 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 a 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.
Due to the new decree on the optimization of the management of the financial assets of the entities of the Flemish Community the Flemish Community did in 2019 only a second sustainability bond of 750 million euro on 25 years.
Due to the covid-19 crisis the needs for 2020 are big. In April 2020 the Flemish Community issued a sustainability bond of EUR 1.25 billion. In May and the beginning of June the Flemish Community did several private placements: a tap of 250 million euro on the sustainability bond of 2044 and 260 million euro on different maturities: 25, 30 and 35 years. Furthermore, on 16 June, the Flemish Community successfully completed two regular benchmark issues, with maturities of respectively 7 and 30 years. The total amount raised from institutional investors amounted to 2 billion euro, with 1 billion euro in each tranche. So in total already 3.76 billion euro have been done this year. The following months other benchmark issues and private placements will be issued depending on market conditions.
|
|
Nominal Amount |
Coupon |
Yield |
Start Date |
End Date |
|
Private Placement |
140,000,000 |
3,116% |
|
18/08/2010 |
18/08/2020 |
|
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 |
4/07/2022 |
|
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 |
|
Regular bond + Private Placement |
800,000,000 |
1,000% |
|
11/10/2016 |
13/10/2036 |
|
Regular bond |
500,000,000 |
0,375% |
|
11/10/2016 |
13/10/2026 |
|
Private Placement |
140,000,000 |
1,007% |
|
10/11/2016 |
10/11/2031 |
|
Schuldschein |
17,500,000 |
1,007% |
|
10/11/2016 |
10/11/2031 |
|
Private Placement |
115,000,000 |
1,564% |
|
10/11/2016 |
12/11/2046 |
|
Schuldschein |
20,000,000 |
1,564% |
|
10/11/2016 |
12/11/2046 |
|
Private Placement |
10,000,000 |
1,392% |
|
10/11/2016 |
12/11/2041 |
|
Regular bond |
250,000,000 |
0,375% |
0,795% |
2/06/2017 |
13/10/2026 |
|
Regular bond |
1,000,000,000 |
1,875% |
1,899% |
2/06/2017 |
2/06/2042 |
|
Private Placement |
20,000,000 |
1,656% |
|
23/02/2017 |
23/02/2038 |
|
Private Placement |
60,000,000 |
1,863% |
1,865% |
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 |
|
Regular bond |
750,000,000 |
1,5% |
1,546% |
12/07/2018 |
12/07/2038 |
|
Sustainability bond |
500,000,000 |
1,375% |
1,449% |
21/11/2018 |
21/11/2033 |
|
Sustainability bond |
750,000,000 |
1,500% |
1,567% |
11/04/2019 |
11/04/2044 |
|
Sustainability bond |
1,250,000,000 |
0,375% |
0,455% |
15/04/2020 |
15/04/2030 |
|
TAP sustainability bond 2044 |
250,000,000 |
1,5% |
0,855% |
12/05/2020 |
11/04/2044 |
|
Private Placement |
25,000,000 |
0,94% |
0,94% |
12/05/2020 |
12/05/2050 |
|
Private Placement |
25,000,000 |
0,875% |
0,914% |
03/06/2020 |
05/06/2045 |
|
Private Placement |
110,000,000 |
1,053% |
1,053% |
03/06/2020 |
03/06/2050 |
|
Private Placement |
100,000,000 |
1,095% |
1,095% |
03/06/2020 |
03/06/2055 |
| Regular bond | 1,000,000,000 | 0.010% | 0.008% | 23/06/2020 | 23/06/2027 |
| Regular bond | 1,000,000,000 | 1.000% | 1.029% | 23/06/2020 | 23/01/2051 |
|
Total outstanding |
9,974,000,000 |
|
|
Please look at the Cash & Debt Report for more information.
pdf bestandDebt report_2019.pdf (1.16 MB)