On Friday April 3rd the Flemish Community successfully launched and priced its third sustainability benchmark transaction. Despite the COVID-19 crisis the transaction was very successful with an orderbook of more than 1.8 billion euro.

The Flemish Community decided to fix the size at 1.25 billion euro. The maturity date of the bond is 15 April 2030, the coupon is 0,375% and the yield is 0,455%.

The split by geography and by investor type are shown in the pie charts below.

split by geography
split by geography.jpg
split by investor type
split by investor type.jpg

There was an important international interest in our issue. For this transaction there were 82 investors in the order book from 15 different countries with more than 50% green/sustainable accounts that took around 68% of the allocated amount. Benelux investors were the biggest investor group with 35%, followed by German/Austrian/Swiss investors accounting for 28% and French investors 19%. As for type of investors the transaction was mainly supported by funds (43%) and banks (42%).