The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Debt round-up: Belgium makes it up with Citi

Following a two-year hiatus, Belgium settles trade with Citi.

Belgium sold a 15-year OLO last month but rather than hit its customary size of €5 billion settled for a €4 billion trade via Calyon, Citigroup, Fortis and Goldman Sachs. This was despite having a €8.5 billion order book. The fact that the sovereign sensibly decided not to overallocate hedge funds in what was a choppy market was less newsworthy than the fact that it had given Citigroup a mandate. It has been a long two years since Citi was last given such an honour, a severe punishment for testing the core EU sovereign debt managers’ patience with its now notorious deal on MTS.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree