Netherlands Sells EUR5.995 Billion in New July 2033 DSL -- Update
February 07 2023 - 08:11AM
Dow Jones News
By Emese Bartha
The Netherlands issued 5.995 billion euros ($6.43 billion) in a
new 2.50% July 2033-dated government bond, or DSL, on Tuesday, at
the upper end of the EUR4 billion-EUR6 billion issue target, the
Dutch State Treasury Agency said.
Total bids for the new 10-year bond amounted to EUR20.620
billion, the DSTA said. The final book size is slightly smaller
than the close to EUR22 billion demand indicated in an earlier
stage of the bookbuilding.
The cut-off spread on the new DSL was set 33.5 basis points
above the yield of the 2.30% February 2033 Bund which was the
pricing reference for the issue, the DSTA said. The bond was priced
at 98.60, at a uniform yield of 2.656%, the DSTA said.
Write to Emese Bartha at firstname.lastname@example.org
(END) Dow Jones Newswires
February 07, 2023 07:56 ET (12:56 GMT)
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