Belgian State bonds have raised almost €53 million

Belgian State bonds have raised almost €53 million
Credit: Canva

The Federal Debt Agency has raised €52.8 million through the new government bonds, the agency announced on Wednesday.

The purchase of state bonds allows people to lend money to the Belgian Government. After a certain period of time, the State pays back lenders for the initial loan at an agreed interest.

The recent bonds were issued with terms of one year and eight years.

The one-year bond was the most popular, generating over €41 million, while the eight-year bond raised about €11 million.

The interest rates were set at 2.20% for a one-year bond, and 2.80% for an eight-year bond.

The Debt Agency issues these bonds four times a year, targeting individual investors.

In September last year, the government raised nearly €22 billion, partly thanks to a one-off reduction in withholding tax.

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