The Debt Agency will issue two government bonds on March 4, one for 1 year and one for 3 years. The agency wants to limit the amount raised to 6 billion euros and can close the registration for these government bonds early, it announced in a press release on Tuesday.
The Agency has proposed to Minister of Finance Vincent Van Peteghem (CD&V) to reissue the government bonds in one year at the reduced withholding tax rate of 15.0 percent. For the three-year government bond, the withholding tax rate will, as always, be 30.0 percent.
Van Peteghem has been advocating for a new tax-friendly one-year government bond for some time, after a successful issue last summer. The reduced withholding tax rate of 15 percent still requires approval from State Secretary for Budget Alexia Bertrand (Open VLD) before February 19.
The coupons for both government bonds will be announced on Tuesday, February 20, 2024. You can register via a placement institution from Thursday, February 22, 2024 to Friday, March 1, 2024. You can register via the General Ledger from Thursday, February 22, 2024 to Thursday, February 29, 2024.
The issuance of a 1-year government bond in September 2023 was an immense success. Thanks to a reduced withholding tax, families could count on a net return of 2.81 percent. It was massively subscribed to, amounting to 21.9 billion euros.
2024-02-13 15:13:06
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