2023-08-24 10:58:50
Since 12:01 a.m. this Thursday, savers have been able to subscribe to the new one-year government bond, offering a net yield of 2.81%. The operation looks like a success.
The new one-year government bond has already found its audience. Shortly before noon on Thursday, launch daymore than 15,000 subscriptions had already been registered via the Debt Agency website, for an amount of approximately €564 million. This does not include subscriptions submitted via banks. Historically, the latter garner regarding 80% of subscriptions, according to figures from the Debt Agency.
“The interest is great, as expected”, reacts John Deboutte, the director of the Debt Agency. “For comparison, when the last state voucher was launched, we had 400 registrations in one day”.
10 billion
d’euros
According to Jean Deboutte, director of the Debt Agency, subscriptions might reach 10 billion euros.
According to bank estimates, subscriptions to this new government bond should easily reach 1 billion euros. “We might even reach the 10 billion euros. This might be the biggest financial operation in the history of Belgium”.
Enough to beat the record of the State bond Leterme at 3, 5 and 8 years, which had collected 5.7 billion in 2011. The 5-year bond at the time then showed a gross interest rate of 4%.
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The 2.81% net State bond: is it a good deal and how to subscribe to it?
Subscription possible until September 1st
The new “Van Peteghem” voucher offers a net return of 2.81%, thanks in particular to the temporarily reduced withholding tax. Subscriptions can be made from this Thursday, via the website of the Federal Debt Agency (until August 31) or directly via participating banking institutions (until September 1).
There is no early closing to fear given the already great success of this State bond: the number of subscriptions is not limited.
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