LONDON (MNI) – Belgium’s Treasury estimates its 2011 gross
borrowing requirement at E41.12 billion, a decrease of E3.74 billion
from this year, the Belgian Debt Agency said Monday.
“In establishing this estimate, the Treasury assumed that the 2011
cash budget deficit would amount to E14.94 billion,” the agency said on
its website. “These include an estimated E1.28 billion of financing for
the Hellenic Republic.”
The debt agency plans to issue E35.73 billion worth medium- and
long-term instruments in 2011. OLO issuance expected to be E34.0 billion
next year, significantly less than the E40.85 billion issued this year.
As in 2010, there are likely to be three new OLO benchmark issues
in 2011, it said.
Anne Leclercq, director of Treasury and Capital Markets at the
agency, previously told Market News International that the agency plans
to launch a 10-year bond, a short-term bond of three to five years
maturity and a 15- to 20-year bond next year.
The debt agency is also planning to issue E4.0 billion its via EMTN
program in 2011, “or other alternative funding instruments”.
“Debt instruments for private investors are expected to provide for
E0.20 billion of funding and as for short-term funding, the outstanding
amount of Treasury Certificates is expected to remain the unchanged at
year end 2011,” the agency added.
–London newsroom: 00 44 20 7862 7494; email:nshamim@marketnews.com
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