On Wednesday March 17th 2021 the Flemish Community successfully launched and priced its fourth sustainability benchmark transaction. The total amount raised from institutional investors through this public issue amounts to 1.25 billion euros with a maturity of 25 years (due March 2046). The bond was placed at a coupon of 0.875% and a yield of 0.891%.
The split by geography and by investor type are shown in the pie charts below.
The transaction was once again very successful with a total orderbook of more than 5.2 billion euros, consisting of 135 investors from 21 countries. Several large and small investors who have been signing up for our bonds for years but also some new names. German/Austrian and Swiss investors were the biggest investor group with 48%, followed by the French investors accounting for 19% and Benelux investors 15%. As for type of investors the transaction was mainly supported by funds and asset managers (54%) and insurance and pension funds (28%).