Current maturities

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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.


Table outstanding EMTN and Schuldschein issues

 

 

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)