Netherlands to Step Up DTC Auctions to Cover Virus Funding

March 20, 2020, 3:39 PM UTC

Dutch State Treasury Agency will increase frequency of its twice-monthly DTC auctions to a weekly auction for 2Q, according to statement, amending policy in response to increased government funding needs to combat the impact of the novel coronavirus.

  • To reopen 10-year DSL 15 July 2030 with three tap auctions, each targeting up to EU2 billion
  • Capital market issuances still fall within communicated 2020 outlook of EU21 billion to EU26 billion
  • Refrains from issuing quarterly outlook; will resume next quarterly outlook for 3Q
  • Govt estimates extra financing needs of EU45 billion to EU65 billion in coming three months, Finance Minister ...

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