The Kingdom of Belgium - State Notes

The Kingdom of Belgium - State Notes

  • Annual coupon
  • Kingdom of Belgium: high-grade issuer (Aa3/AA rating)
  • Term to maturity of 10 years

From Tuesday, 23 May 2017 through Friday, 2 June 2016 (4 p.m.) (included), you can subscribe to the new State Notes issued by the Kingdom of Belgium (the "Issuer").

Main features

Term: 10 years
Maturity Date: 4 June 2027
Issue price: 100.00%
Amount repaid at the Maturity Date: Investors are entitled to receive 100% of the amount invested, except in case of default of the Issuer
Annual coupon: 0,70%*, payable on 4 June each year, from 4 June 2017 until the Maturity Date
Gross yield to maturity: 0,70%*, if the State Notes are held until Maturity Date
Yield to maturity after deduction of Withholding Tax: 0,49%**, if the State Notes are held until Maturity Date
Denomination: 100 euro (higher amounts in multiples of 100 euro)
Issuer rating:

Moody’s Aa3 (negative outlook)

Standard & Poors AA (stable outlook)

Fitch AA (stable outlook)

Schedule of rates and charges: All rates and charges on securities transactions applying at KBC Bank NV can be found at the Schedule of rates and charges.
Listing: Euronext Brussels
Governing law: Belgian law

This product (the ‘State Note’) is a debt instrument. By subscribing to this product, investors lend money to the Issuer, who undertakes to pay interest on an annual basis and to repay the nominal amount of the State Note at Maturity. However, if the Issuer defaults, investors run the risk of not recovering the amounts to which they are entitled, and of losing all or part of their invested capital. It is believed that the Kingdom of Belgium currently has ample financial resources to meet the financial commitments entered into.

* annualized and before deducting withholding tax

** Withholding tax is currently 30% for investors who are natural persons subject to taxation in Belgium. The withholding tax rate may be subject to further amendments of law.

*** There is no prospectus available.

If you have any complaints please contact klachten@kbc.be (tel. 0800 62 084) and/or ombudsman@ombudsfin.be.

 

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