Cases & Deals

Financial institutions complete 30-year benchmark €5 billion bond offering by Kingdom of Belgium

Clients Financial institutions

Jones Day assisted the financial institutions in connection with the issuance of 30-year benchmark €5 billion 1.40% OLO (the “OLO 95”) by the Kingdom of Belgium. The term "OLO" refers to the Kingdom's “obligations linéaires”/“lineaire obligaties”. The bonds will be listed on Euronext Brussels. Belgium’s rating is Aa3 (Moody’s), AA (S&P) and AA- (Fitch).

This transaction is the second syndicated OLO benchmark in 2022 and follows a 10-year €5 billion OLO priced on January 17, 2022.