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UPDATE 1-Belgium sees 25 bln euros of demand for new green bond - lead managers

UPDATE 1-Belgium sees 25 bln euros of demand for new green bond - lead managers

Reuters · 09/14/2022 04:57
UPDATE 1-Belgium sees 25 bln euros of demand for green bond - lead managers

Adds demand, pricing

- Belgium saw over 25.5 billion euros of investor demand for a green bond which it will price later on Wednesday, according to memos from two lead managers seen by Reuters.

The bond, which has yet to be sized and will mature on April 22 2039, will pay a spread of 6 basis over Belgium's outstanding June 2038 bond, the memos said, down from around 8 basis points when the sale started.

Wednesday's issue launches Belgium's second green bond and follows a debut issuance in 2018, under which 10.6 billion euros is outstanding.

Green bonds fund environmentally beneficial expenditure and have grown in popularity in recent years with many governments launching and adding to issuance programmes. Germany and Italy have launched green issues in recent weeks.

Belgium hired BNP Paribas, Credit Agricole, HSBC and JP Morgan to run the sale on Monday.


(Reporting by Yoruk Bahceli; editing by Dhara Ranasinghe and Toby Chopra)

((Yoruk.Bahceli@thomsonreuters.com; +44 20 7542 7571; Reuters Messaging: yoruk.bahceli@thomsonreuters.com))