March 4, 2024

Taylor Daily Press

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New government bonds not as popular as previous ones: Weak start on first filing day |  local

New government bonds not as popular as previous ones: Weak start on first filing day | local

Since yesterday, Belgians can register for government vouchers again. Earlier this month, Minister Van Petegem proposed new state bonds with a maturity of 5 or 8 years. There’s no stampede like last time today. On the first day of registration, barely 5.3 million euros were raised, while at the end of August more than 1 billion euros were quickly registered on the first day.

More than 4.7 million euros were raised through banks on the first day: almost 2 million euros for 5-year government bonds and about 2.7 million euros for 8-year government bonds. According to the Federal Debt Agency. Another 57 registrations were made through the agency’s books, with a value of more than 630,000 euros.

The interest rate on 5-year government bonds is 2.60 percent, while the interest rate on 8-year bonds is 2.90 percent. This nets 1.82 percent and 2.03 percent, respectively. You can register from 100 euros. The payout is therefore much lower than the previous one-year government bonds, which offered a net interest rate of 2.81 percent. A record amount of 21.9 billion euros was raised.

You can register for these new state vouchers until December 7th. You can register through the bank, or directly through the general ledger.

How do these government bonds compare to current savings interest rates? Compare it via the Spaargids.be framework below.

Watch also. Van Petegem announced new 5- or 8-year government bonds earlier this month

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