Belgium borrows 1.79 billion euros on a short-term basis at negative rates
Wednesday, 08 February 2017
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.