Dutch state reissues dollar bonds

On Wednesday, the Dutch State will issue bonds in US dollars for the second time. This is announced by the General Treasury Agency of the Ministry of Finance.

The DSTA has issued such a bond once before, in February 2012. This was also the first time for the Dutch State to raise money in a different currency.

The DSTA explains this 'dollar bond' as seeing it as an additional instrument to the existing euro programme. The dollar bonds can be issued if a financing advantage can be realized.

As with the first 'dollar bond', the aim is to raise at least 2 billion dollars. This is a 3-year debt document and will expire on 12 September 2015. The previous dollar bond had a maturity of 5 years. There was a coupon of 1 percent.

Further information on the coupon size and spread guidance will be announced later today. 

Source: Dow Jones Newswires