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Netherlands Issues EUR5 Billion in January 2054 Bond Tap

By Emese Bartha

 

The Dutch State Treasury Agency issued 5 billion euros ($5.31 billion) in the tap of the 2.00% January 2054-dated government bond, or DSL, via a Dutch Direct Auction on Tuesday, it said.

In a DDA, the DSTA acts as the sole bookrunner.

The cut-off spread was set at 18 basis points above the yield of Germany's 2.50% August 2054 Bund, it said.

Total bids amounted to EUR14.720 billion, a lower volume than indicated in earlier stages of the bookbuilding.

The total share allocated to real money investors--those who buy bonds aiming to hold it for long term, often until maturity--, was 77.04%, while 22.96% was allocated to others, the DSTA said.

 

Write to Emese Bartha at emese.bartha@wsj.com

 

(END) Dow Jones Newswires

April 16, 2024 06:38 ET (10:38 GMT)

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