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After five days, the proceeds from the new government bonds increased to more than 433 million euros. That is almost three times more than on the first day, but only a fraction of the proceeds of the previous one-year government bond.
The Debt Agency announced on Thursday that more than 433 million euros have now been raised. This is almost three times more than on the first day, but only a fraction of the issuance of the previous one-year government bond in September 2023, when almost 22 billion euros was raised. That government bond could benefit from a lower withholding tax, but this time there was no political consensus on that.
The normal rate of 30 percent withholding tax applies to the new government bonds. This brings the net return on the one-year government bond to 2.10 percent. The three-year government bond yields 1.75 percent. So far, most buyers have opted for the one-year government bond, according to the overview from the Debt Agency on Thursday. (blg)
