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 Thursday, 24 August 2017 through Friday, 1 September 2017 (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 September 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: On a yearly basis and per Denomination, you are entitled to a coupon of 0.65% annually, i.e. EUR 0.65 (gross) per Denomination, payable on 4 September each year, from 4 September 2018 until the Maturity Date
Taxes on stock market transactions Tax on stock market transactions when buying or selling on the secondary market if such transaction is either entered into or carried out in Belgium: 0.09% with a maximum of EUR 1,300.
Yield:

The Gross Yield is 0,65%, if the State Notes are held until Maturity Date. You can find more information under "Gross Yield to Maturity" in the Product info sheet.

The Yield after withholding tax (currently 30%) is 0.46% if the State Notes are held until Maturity Date. You can find more information under "Yield to Maturity after withholding tax" in the Product info sheet.

Denomination: 100 euro and multiples of 100 euro
Issuer rating:

Moody’s Aa3 (negative outlook)

Standard & Poors AA (stable outlook)

These ratings are indicative and do not constitute a recommendation to buy, sell or hold the Notes issued by the Issuer.

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.

* There is no prospectus available.

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

 

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