On Tuesday 19 September 2023, the Flemish Community successfully launched and priced a 19-year sustainability bond as part of a dual-tranche EUR bond benchmark transaction. The Flemish Community fixed the size at 1.5 billion euros. This tranche was placed at a coupon rate of 4.000% and a yield of 4.032%.
The transaction was tremendously successful, setting an all-time record with a total order book of over 12.5 billion euros. The issue attracted 207 interested investors from 23 different countries. Southern European investors formed the biggest investor group with 28.4%, followed by German, Austrian and Swiss investors (23.1%), French investors (17.2%) and UK investors (12.7%). In terms of investor type, the transaction was mainly supported by funds & asset management (47.9%), banks (31.5%) and insurance and pension funds (15.2%).
On Tuesday 19 September 2023, the Flemish Community successfully launched and priced a short 9-year bond as part of a dual-tranche EUR bond benchmark transaction. The Flemish Community fixed the size at 1.25 billion euros. This tranche was placed at a coupon rate of 3.625% and a yield of 3.682%.
The transaction was very successful with a total order book of over 5 billion euros. The issue attracted 134 interested investors from 21 different countries. Benelux investors formed the biggest investor group with 31.4%, followed by Southern European investors (18.8%), German, Austrian and Swiss investors (17.4%) and Scandinavian investors (11.8%). In terms of investor type, the transaction was mainly supported by banks (54.4%), funds & asset management (23.4%) and central banks & official institutions (11.1%).
On Wednesday 29 March 2023, the Flemish Community successfully launched and priced a 10-year EUR bond benchmark transaction. The Flemish Community fixed the size at 1.25 billion euros. The bond was placed at a coupon rate of 3.25% and a yield of 3.346%.
The transaction was very successful with a total order book of over 3.49 billion euros. The issue attracted 100 interested investors from 18 different countries. German, Austrian and Swiss investors formed the biggest investor group with 28.4%, followed by Benelux (22.8%), Southern European (20.6%) and French investors (20.1%). In terms of investor type, the transaction was mainly supported by banks (56.7%), funds & asset management (29.2%), insurance and pension funds (7%) and central banks and official institutions (6.7%).
On Wednesday 5 October 2022, the Flemish Community successfully launched and priced a 10-year bond as part of a dual-tranche EUR bond benchmark transaction. The Flemish Community fixed the size at 750 million euros. This tranche was placed at a coupon rate of 3.00% and a yield of 3.047%.
The issue attracted 50 interested investors from 11 different countries. Benelux investors formed the biggest investor group with 44.7%, followed by French investors (22.7%) and German, Austrian and Swiss investors (20.5%). In terms of investor type, the transaction was mainly supported by banks (48.7%), funds & asset management (30.7%) and insurance and pension funds (13.7%).
On Wednesday 5 October 2022, the Flemish Community successfully launched and priced a long 20-year sustainability bond as part of a dual-tranche EUR bond benchmark transaction. The Flemish Community fixed the size at 1.25 billion euros. This tranche was placed at a coupon rate of 3.250% and a yield of 3.363%.
The issue attracted 54 interested investors from 12 different countries. German, Austrian and Swiss investors formed the biggest investor group with 41%, followed by Benelux investors (26.9%) and French investors (14.8%). In terms of investor type, the transaction was mainly supported by insurance and pension funds (41.6%), closely followed by funds & asset management (41.5%) and banks (11%).
On Wednesday 13 October 2021, the Flemish Community successfully launched and priced a 10-year bond. The Flemish Community fixed the size at 1.5 billion euros. This tranche was placed at a coupon rate of 0.300% and a yield of 0.335%.
The transaction was once again very successful with a total order book of over 8.2 billion euros. The issue attracted 200 investors from 24 different countries. Benelux investors formed the biggest investor group with 33%, followed by German, Austrian and Swiss investors (26%), French investors (15%) and Southern European investors (10%). In terms of investor type, the transaction was mainly supported by banks (53%), followed by funds & asset management (22%), insurance & pension funds (13%) and central banks & official institutions (10%).
On Wednesday 17 March 2021, the Flemish Community successfully launched and priced its fourth sustainability benchmark transaction. The Flemish Community fixed the size at 1.25 billion euros. This 25-year bond was placed at a coupon rate of 0.875% and a yield of 0.891%.
The transaction was once again very successful with a total order book of over 5.2 billion euros. The issue attracted 135 investors from 21 different countries. German, Austrian and Swiss investors formed the biggest investor group with 48%, followed by French investors (19%) and Benelux investors (15%). In terms of investor type, the transaction was mainly supported by funds & asset management (54%) and insurance and pension funds (28%).
