Belgium borrows 1.79 billion euros on a short-term basis at negative rates
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    Belgium borrows 1.79 billion euros on a short-term basis at negative rates

    Belgium has borrowed 1.79 billion euros, on a short-term basis. The Debt Agency announced this yesterday (Tuesday).

    In detail, 0.35 billion was borrowed through three-month treasury certificates, at an average rate of -0,676%, and 1.44 billion by means of 12-month treasury certificates, at an average rate of -0,656%.

    These negative rates, which have become somewhat customary but are quite remarkable nevertheless in modern times, mean that Belgium will repay slightly less than it has borrowed upon their maturity.

    Oscar Schneider
    The Brussels Times