October 31, 2020

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Belgium collects negative interest of EUR 1.5 billion

Belgium collects negative interest of EUR 1.5 billion

Photo: Hollandse Hoogte / Sabine Joosten

Belgium raised € 1.519 billion on Monday with an issue of linear bonds (OLOs) with a ten-year term. This happened again at negative interest rates, reports the debt agency.

The average interest rate was -0.229 percent.

The negative interest rates are a good thing for the state. The Belgian Debt Agency estimates that gross financing needs in 2020 will amount to EUR 60.35 billion. The coronavirus and measures to bring the pandemic under control are having a powerful impact.