Belgium's Gross Borrowing Needs to Rise Slightly in 2023 Vs. 2022
By Emese Bartha
Belgium's gross borrowing requirements in 2023 should amount to
51.07 billion euros ($53.90 billion), an increase of EUR2.58
billion versus 2022, the Belgian Debt Agency said on Friday.
The country's net financing requirement is expected to amount to
EUR27.54 billion next year, resulting from Belgium's 2023
government draft budgetary plan, the debt agency said.
The debt agency plans to issue EUR45 billion in government
bonds, or OLOs, an increase of EUR0.87 billion compared to EUR44.13
billion that is expected to be issued in 2022, it said.
The issuance of three new fixed-rate benchmarks are penciled in
for next year through syndications.
The new issues include a 10-year OLO and at least one benchmark
with a long maturity, for example a 20- or 30-year OLO, the debt
agency said. The maturity of a third new benchmark bond, as well as
the timing of the planned syndications, will be guided by investor
demand and the yield environment, it said.
Write to Emese Bartha at email@example.com
(END) Dow Jones Newswires
December 09, 2022 06:46 ET (11:46 GMT)
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