July 21, 2024

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BNP Paribas Fortis wants to raise billions in one-year government bonds with new bonds in September

BNP Paribas Fortis wants to raise billions in one-year government bonds with new bonds in September

It will take a few months before capital is issued from tax-friendly one-year government bonds, or van Petegem bonds, but financial institutions are already preparing today to attract part of this €22 billion. BNP Paribas Fortis is now throwing bonds into the fray.

In the news: BNP Paribas Fortis is launching bonds with maturities of fifteen months, three years and five years. Customers can invest part of their savings in these securities until July 31.

  • With its fifteen-month debt note, the main bank clearly has its sights set on the billions to be issued on September 4th when Van Petegem’s bonds expire. These bonds will be issued on September 5.
  • The short-term bonds come with a coupon of 3.45 percent. After deducting the registration costs and withholding tax of 30 percent, a net amount of 2.11 percent remains.
    • Anyone registering must also take into account entry costs, which can amount to a maximum of €13.75 per €1,000 instalment.
  • The other bonds will already be issued on July 5. The three-year period brings a net (after deducting registration costs and withholding tax) 1.97 percent. The five-year bonds carry a net interest rate of 2.09 percent.
    • BNP Paribas Fortis also charges an entry fee here. These amounts amount to 23.75 and 28.75 euros for each tranche of 1,000 euros, respectively.

I noticed: BNP Paribas Fortis was inspired by Belvius at first glance. This major bank put bonds on the market at the end of last month to counter one-year government bonds.

  • As the start of the school year approaches, more banks are sure to launch savings and investment products to capture a portion of the freed up savings. For example, KBC offers fixed-term accounts starting on September 4th.
  • according to the time Crelan is working on a new savings certificate and ING Belgium is working on a new offer for investors.
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Also this: BNP Paribas Fortis also launched a one-year savings certificate for the third time in a month. This time it brings 3 percent gross or 2.1 percent net.


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