Belgium: bonds

The negotiable debt consists of all public debt that is either traded on an exchange or another market. It consists mainly of Linear bonds and Treasury Certificates.

Linear Bonds (OLOs) are medium, long term and very long term securities with a fixed or floating interest rate. OLOs are issued by competitive auctions based on the prices offered by the bidders and by non-competitive subscriptions. OLOs can also be issued by syndication, especially when opening a new line.

Treasury Certificates are short-term bills with maturities up to maximum one year. Treasury certificates are issued by competitive auctions based on the rates offered by the bidders and by non-competitive subscriptions.

As of Q1 2013 total amount outstanding is EUR 376.1 billion.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
EUR 157 449 271 033 336
USD 6 7 108 630 000
NOK 4 4 300 000 000
GBP 2 700 000 000
JPY 2 17 000 000 000
CHF 1 100 000 000
municipal
EUR 27 4 575 000 000
corporate
EUR 268 96 764 989 289
USD 11 7 577 163 000
GBP 8 2 575 000 000
CHF 3 405 000 000
JPY 3 21 000 000 000
BRL 1 151 495 000

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
KBC Groep NV, 0.75% 1mar2022, EUR - International bonds BE0002272418 0.75% 1 250 000 000  EUR 02/22/2017 03/01/2022
Belgium, TC 8feb2018 12m - Domestic bonds BE0312751234 0% 1 440 000 000  EUR 02/07/2017 02/08/2018
Belgium, OLO 0.5 22oct2024 - Domestic bonds BE0000342510 0.5% 3 000 000 000  EUR 02/07/2017 10/22/2024
Belgium, OLO 2.25 22jun2057 - Domestic bonds BE0000343526 2.25% 3 000 000 000  EUR 02/07/2017 06/22/2057
AXA Bank Europe, 1.25% 26jan2032, EUR - Domestic bonds FR0013233236 1.25% 250 000 000  EUR 01/17/2017 01/26/2032
Belgium, OLO 0.8 22jun2027 - Domestic bonds BE0000341504 0.8% 6 000 000 000  EUR 01/17/2017 06/22/2027
Belfius Bank, FRN 18jan2019, EUR - Domestic bonds BE6292351580 3m EURIBOR + 0.55% 30 000 000  EUR 01/11/2017 01/18/2019
Belfius Bank, FRN 17jan2019, EUR - Domestic bonds BE6292292966 3m EURIBOR + 0.55% 55 000 000  EUR 01/09/2017 01/17/2019
Belfius Bank, FRN 16jan2019, EUR - Domestic bonds BE6292237417 3m EURIBOR + 0.55% 50 000 000  EUR 01/05/2017 01/16/2019
Belfius Bank, FRN 11jan2019, EUR - Domestic bonds BE6292179809 3m EURIBOR + 0.55% 50 000 000  EUR 01/04/2017 01/11/2019

World Bond Market Indicators

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
EU Long-term interest rates
Belgium, % 0.70 0.61 0.57 0.27 0.18 0.15 0.20
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World Bond market statistics

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Domestic govt Bonds markets (Western Europe)
Belgian govt Bonds outst., EUR bln (without Bills) 345.77 339.91 340.03 345.75 344.41 352.99 353.30
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Quarterly indices

Type III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015 I 2015
BIS volume of international-bond market of developed countries
Belgian international bonds, USD bln 159.400 155.300 159.500 145.900 145.700 146.500 138.800
BIS net issues of international-bond market of developed countries
International-bond net issue of Belgium, USD bln 3.600 0.500 7.700 3.900 -0.600 2.500 2.298

New issues of Developed markets International Bonds

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Developed Market International Bonds (excl. USA)
New issues of international bonds (Denmark), USD bln 2.153 0.025 0.200 0.818 0.922 4.010 0.609
Number of new international bond issues (Denmark) 3 1 1 1 4 10 1
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Developed Markets International Bonds

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
International bonds Developed Markets
Belgium sovereign international bonds, USD bln 53.858 52.316 52.881 54.747 54.994 54.602 54.703
Belgium corporate international bonds, USD bln 11.143 11.270 13.104 12.658 12.782 13.382 13.959
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Money market

Daily indices

Type: 02/27/2017 02/24/2017 02/22/2017 02/21/2017 02/20/2017 02/17/2017 02/16/2017
IRS EUR (Annual Fixed vs 6M EURIBOR) 
IRS EUR 6M vs 6M EURIBOR mid   *   * *   *
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Credit Risk Indicators

Daily indices

Type: 02/16/2017 02/15/2017 02/14/2017 02/13/2017 02/10/2017 02/09/2017 02/08/2017
CDS Developed markets (sov.) 
CDS 5Y Belgium mid * * * * * * *
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Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Belgium, 1.5% 22jun2018, USD   USD 06/22/2018 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.**
European Union, 0.25% 4jul2020, EUR   EUR 07/04/2020 05/18/2016 ***.*** -*.** 05/18/2016 ***.*** -*.**
European Union, 0.625% 4nov2023, EUR   EUR 11/04/2023 05/18/2016 ***.** *.* 05/18/2016 ***.** *.**
European Union, 1.125% 1dec2028, EUR   EUR 12/01/2028 05/18/2016 ***.*** *.* 05/18/2016 ***.** *.**
European Union, 1.125% 4apr2036, EUR   EUR 04/04/2036 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
European Union, 1.5% 4oct2035, EUR   EUR 10/04/2035 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
European Union, 1.875% 4apr2024, EUR   EUR 04/04/2024 05/18/2016 ***.** *.** 05/18/2016 ***.** *.*
European Union, 2.375% 22sep2017, EUR   EUR 09/22/2017 05/18/2016 ***.*** -*.** 05/18/2016 ***.** -*.**
European Union, 2.375% 4oct2018, EUR   EUR 10/04/2018 05/18/2016 ***.** -*.** 05/18/2016 ***.*** -*.**
European Union, 2.5% 4nov2027, EUR   EUR 11/04/2027 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
European Union, 2.75% 21sep2021, EUR   EUR 09/21/2021 05/18/2016 ***.** -*.** 05/18/2016 ***.** -*.**
European Union, 2.75% 3jun2016, EUR   EUR 06/03/2016 05/18/2016 ***.** * 05/18/2016 ***.** -*.**
European Union, 2.75% 4apr2022, EUR   EUR 04/04/2022 05/18/2016 ***.** -*.** 05/18/2016 ***.** -*.*
European Union, 2.875% 4apr2028, EUR   EUR 04/04/2028 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
European Union, 3% 4sep2026, EUR   EUR 09/04/2026 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
European Union, 3.25% 4apr2018, EUR   EUR 04/04/2018 05/18/2016 ***.*** -*.** 05/18/2016 ***.** -*.**
European Union, 3.375% 10may2019, EUR   EUR 05/10/2019 05/18/2016 ***.** -*.** 05/18/2016 ***.** -*.**
European Union, 3.375% 4apr2032, EUR   EUR 04/04/2032 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
European Union, 3.375% 4apr2038, EUR   EUR 04/04/2038 05/18/2016 ***.** *.** 05/18/2016 ***.*** *.*
European Union, 3.5% 4jun2021, EUR   EUR 06/04/2021 05/18/2016 ***.** -*.** 05/18/2016 ***.* -*.**
European Union, 3.75% 4apr2042, EUR   EUR 04/04/2042 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
AB InBev, 1.125% 27jan2017, USD   USD 01/27/2017 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
AB InBev, 2.15% 1feb2019, USD   USD 02/01/2019 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
AB InBev, 3.7% 1feb2024, USD   USD 02/01/2024 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
AB InBev, 4.625% 1feb2044, USD   USD 02/01/2044 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Ageas Insurance International, 5.125% perp., EUR   EUR 05/18/2016 **.** * 05/18/2016 ***.** *
Balta Group, 7.75% 2022, EUR (ABS)   EUR 09/15/2022 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Belfius Bank, 2.7% 5sep2016, EUR   EUR 09/05/2016 05/18/2016 ***.*** *.** 05/18/2016 ***.*** -*.**
Belfius Bank, 7.25% 15dec2016, AUD   AUD 12/15/2016 05/18/2016 ***.** *.** 05/18/2016 *** *.**
BNP Paribas Fortis, 4.5% 26feb2017, EUR   EUR 02/26/2017 05/18/2016 ***.*** *.** 05/18/2016 ***.**** *.**
BNP Paribas Fortis, 4.625% 29aug2016, EUR   EUR 08/29/2016 05/18/2016 ***.** *.** 05/18/2016 ***.**** *.**
Delhaize Group, 4.125% 10apr2019, USD   USD 04/10/2019 05/18/2016 ***.*** *.** 05/18/2016 ***.*** *.**
Delhaize Group, 5.7% 1oct2040, USD   USD 10/01/2040 05/18/2016 * 05/18/2016 ***.*** *.**
Delhaize Group, 6.5% 15jun2017, USD   USD 06/15/2017 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.**
Dufry Finance SCA, 5.5% 15oct2020, USD   USD 10/15/2020 05/18/2016 *** *.** 05/18/2016 ***.** *.**
Ideal Standards International, 11.75% 1may2018, EUR   EUR 05/01/2018 05/18/2016 ** **.** 05/18/2016 ** **.**
Ideal Standards International, 11.75% 1may2018, EUR   EUR 05/01/2018 05/18/2016 ** ***.* 05/18/2016 ** ***.**
KBC Bank NV, 2.125% 10sep2018, EUR   EUR 09/10/2018 05/18/2016 ***.*** *.** 05/18/2016 ***.*** *
KBC Bank NV, 3% 29aug2016, EUR   EUR 08/29/2016 05/18/2016 ***.** *.** 05/18/2016 ***.** -*.**
KBC Bank NV, 4.5% 27mar2017, EUR   EUR 03/27/2017 05/18/2016 ***.*** * 05/18/2016 ***.*** -*.**
KBC Bank NV, 7% 7feb2025, USD   USD 02/07/2025 05/18/2016 **.** * 05/18/2016 ***.** *
Solvay, 4.199% perp., EUR   EUR 05/18/2016 *** * 05/18/2016 ***.* *
Solvay, 5.425% perp., EUR   EUR 05/18/2016 ***.** * 05/18/2016 ***.* *
Solvay, 6.375% 2jun2104, EUR   EUR 06/02/2104 05/18/2016 ***.* * 05/18/2016 ***.** *
Telenet Group Holding, 4.875% 15jul2027, EUR (ABS)   EUR 07/15/2027 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Telenet Group Holding, 6.25% 15aug2022, EUR   EUR 08/15/2022 05/18/2016 ***.*** *.** 05/18/2016 ***.*** *.**
Telenet Group Holding, 6.625% 15feb2021, EUR   EUR 02/15/2021 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.**
Telenet Group Holding, 6.75% 15aug2024, EUR   EUR 08/15/2024 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Telenet Group Holding, FRN 15jun2021, EUR   EUR 06/15/2021 05/18/2016 ***.** * 05/18/2016 ***.** *
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