By Laura Contemori – ROME (Econostream) – The Belgian Debt Agency (BDA) said on Wednesday that it had raised €8 billion on Tuesday through the syndication of a new five-year OLO maturing August 22, 2031.

The transaction attracted more than €45 billion in orders at closing, allowing the agency to set the final deal size at €8 billion.

The new OLO 108 carries a 3.10% annual coupon and was priced at a spread of 19bp over mid-swaps, corresponding to a re-offer yield of 3.124% and a re-offer price of 99.894.

“With today’s transaction, the Belgian Debt Agency has raised more than 62% of the planned 2026 OLO supply,” the BDA said in a statement, adding the operation completed the launch of the three anticipated OLO fixed-rate benchmarks planned for the year.

The joint leads and bookrunners for the transaction were BNP Paribas Fortis, Citi, NatWest, Nomura and Société Générale.