Belgium has borrowed €1.25 billion through treasury certificates (TCs), the Federal Debt Agency announced on Tuesday.
Tuesday's allocation pertains to treasury certificates set to mature in May 2025. The average rate stands at 3.510%.
TCs have maturities of up to one year, and are registered in the clearing system of the National Bank of Belgium.
They are offered at auctions normally held twice a month, on Tuesdays.
Unlike government bonds, they primarily target institutional investors, not individuals.
