Belgium collects 1.8 billion euros in negative interest rates

The Belgian treasury has again raised 1.8 billion euros on the financial markets on Monday, at negative interest rates. This means that the government will have to repay less than what it has now borrowed.

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Specifically, on Monday, 1.154 billion euros was raised with the issue of a bond that expires in 2023. This was done at an interest rate of -0.399 percent.

Another bond that expires in 2037 raised EUR 649 million. The interest rate here was -0.015 percent.

Last week, the Belgian ten-year interest rate was still at an all-time low. The low interest rates are good news for the treasury, which has to refinance tens of billions of euros every year.

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