Belgium's state bonds campaign launched on Friday and collected €14,880,400 on the first day, the Federal Debt Agency announced on Monday.
The campaigns allow private investors to lend their savings to the State for an agreed number of years and earn back interest.
The campaign's latest instalment collected €14,880,400. One-year bonds with a gross interest rate of 2.10% (1.47% net) raised €12,176,700.
Meanwhile, ten-year bonds with a gross rate of 2.90% (2.03% net) attracted €2,703,700.
State bonds are issued four times a year and are aimed at private investors, who purchase them through the Service des Grands-Livres. Companies or financial institutions cannot invest in state bonds. However, it is possible for foundations, non-profits, and religious institutions to buy them.
In total, there were 329 subscriptions through the Service des Grands-Livres, amounting to just under half of the total sum (€7,120,000). The remaining €7,760,400 was collected from financial institutions.
The subscription period for these new state bonds will continue until Monday 3 March through financial institutions, and until Friday 28 February via the Service des Grands-Livres, with funds to be received by 3 March at the latest.
