Belgium raises €52.8 million through new government bonds

Sarhan Basem
Credit: Canva

Brussels (Brussels Morning Newspaper) – Belgium’s Federal Debt Agency has announced that it collected €52.8 million through the new government bonds.

Belgium’s Federal Debt Agency operates the country’s public debt, including cash flow forecasts, financial market and service regulation, the Royal Mint of Belgium, and the Monetary Fund. The Debt Agency is tasked with public debt management. Its main goal is to minimise the financial costs linked to the federal debt, taking into account market and operational threats in line with the general objectives of the budgetary and monetary policy.

How much did Belgium raise from new government bonds?

Generally, the acquisition of state bonds permits people to lend money to the Belgian Government. After a specific period, the State pays back lenders for the initial loan at an agreed interest. As reported by the Nieuwsblad, Belgian Government bonds were issued for one and eight years. The one-year government bond was the most popular and generated more than 41 million euros. Approximately 11 million euros were expanded with the eight-year government bond.

Moreover, the new government bond generated a net of 1.54 per cent over one year, and a net of 1.96 per cent over eight years. With the government bond, which is normally given four times a year, the Debt Agency is targeting private investors. In September last year, the government collected almost 22 billion euros.

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Sarhan Basem is Brussels Morning's Senior Correspondent to the European Parliament. With a Bachelor's degree in English Literature, Sarhan brings a unique blend of linguistic finesse and analytical prowess to his reporting. Specializing in foreign affairs, human rights, civil liberties, and security issues, he delves deep into the intricacies of global politics to provide insightful commentary and in-depth coverage. Beyond the world of journalism, Sarhan is an avid traveler, exploring new cultures and cuisines, and enjoys unwinding with a good book or indulging in outdoor adventures whenever possible.
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