Current maturities

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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.  On October the 6th the Flemish Community issued two other regular benchmark issues of in total 2 billion euro with one billion euro in each tranche: one with a maturity of 15 years and a tap on the benchmark of June with maturity date January 2051. In November the Flemish Community did several private placements with different maturities between 7 years and 40 years for an amount of 698 million euro. So in total the Flemish Community issued 6.5 billion euro through her EMTN program in 2020.

 On March 17th 2021 the Flemish Community issued her fourth sustainability benchmark of EUR 1.25 billion euro with a maturity of 25 years.


Table outstanding EMTN and Schuldschein issues
  Nominal Amount Coupon Yield Start Date End Date
Private Placement 626,500,000 1,34%   12/06/2015 12/06/2025 
Private Placement 180,000,000 1,89%   12/06/2015 12/06/2035 
Private Placement 133,500,000 0,85%   3/07/2015 4/07/2022 
Private Placement 35,000,000 2,32%   3/07/2015 3/07/2045 
Private Placement 56,500,000 1,71%   20/11/2015 20/11/2030 
Regular bond + Private  Placement 800,000,000 1,00%   11/10/2016 13/10/2036 
Regular bond 500,000,000 0,38%   11/10/2016 13/10/2026 
Private Placement 140,000,000 1,01%   10/11/2016 10/11/2031 
Schuldschein 17,500,000 1,01%   10/11/2016 10/11/2031
Private Placement 115,000,000 1,56%   10/11/2016 12/11/2046 
Schuldschein 20,000,000 1,56%   10/11/2016 12/11/2046
Private Placement 10,000,000 1,39%   10/11/2016 12/11/2041 
Regular bond 250,000,000 0,38% 0,80% 2/06/2017 13/10/2026
Regular bond 1,000,000,000 1,88% 1,90% 2/06/2017 2/06/2042
Private Placement 20,000,000 1,66%   23/02/2017 23/02/2038
Private Placement 60,000,000 1,86% 1,87% 28/02/2018 28/02/2048
Private Placement 30,000,000 1,60%   28/02/2018 1/03/2038
Private Placement 80,000,000 1,87%   28/03/2018 28/03/2058
Regular bond 750,000,000 1,50% 1,55% 12/07/2018 12/07/2038
Sustainability bond 500,000,000 1,38% 1,45% 21/11/2018 21/11/2033
Sustainability bond 750,000,000 1,50% 1,57% 11/04/2019 11/04/2044
Sustainability bond 1,250,000,000 0,38% 0,46% 15/04/2020 15/04/2030
TAP sustainability bond 2044 250,000,000 1,50% 0,86% 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 0,88% 0,91% 3/06/2020 5/06/2045
Private Placement 110,000,000 1,05% 1,05% 3/06/2020 3/06/2050
Private Placement 100,000,000 1,10% 1,10% 3/06/2020 3/06/2055
Regular bond 1,000,000,000 0.010% 0.008% 23/06/2020 23/06/2027
Regular bond 1,000,000,000 1000% 1029% 23/06/2020 23/01/2051
Regular bond 1,000,000,000 0.125% 0.182% 15/10/2020 15/10/2035
TAP Regular bond 2051 1,000,000,000 1000% 0.63% 15/10/2020 23/01/2051
TAP Regular bond 2027 200,000,000 0.010% -0.319% 19/11/2020 23/06/2027
TAP Sustainability bond 2030  70,000,000 0.375% -0.110% 19/11/2020 15/04/2030
TAP Regular bond 2035 65,000,000 0.125% 0.146% 19/11/2020 15/10/2035
Private Placement 25,000,000 0.400% 0.400% 20/11/2020 20/11/2043
Private Placement 30,000,000 0.600% 0.6016% 19/11/2020 19/11/2055
Private Placement 308,000,000 0.634% 0.634% 19/11/2020 19/11/2060
Sustainability bond 1,250,000,000 0,875% 0,891% 24/03/2021 21/03/2046
Total outstanding 13,782,000,000        

Please look at the Cash & Debt Report for more information. 

pdf bestandDebt Report 2019 .pdf (1.16 MB)