Regular bond October

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On Wednesday 13 October 2021, the Flemish Community successfully launched and priced a EUR bond benchmark transaction. More specifically, The Flemish Community raised 1.5 billion euros through a new 10-year bond with maturity date on 20 October 2031.

This transaction again enjoyed an unprecedented success, with a total offer of over 8.2 billion euros by 200 investors from 24 different countries, setting a new record for the Flemish Community both in terms of order book size and number of investors. The 10-year bond with a coupon of 0.300% was placed at a yield of 0.335%. The margin was set at 17 basis points above the OLO yield, which is lower than ever before.

The charts below show the final allocation split by geography and investor type.

Split by geography
split by geo
Split by investor type
split by investor

Investors from the Benelux formed the largest group (32.7%), followed by German/Austrian/Swiss investors (26.1%), French investors (14.7%) and Southern European investors (10%). In terms of investor type, the transaction was mainly supported by banks (53.2%), followed by funds & asset management (22.4%), insurance & pension funds (12.9%) and central banks & official institutions (10.4%).