Bloomberg News

Belgian Borrowing Costs for Six-Month Bills Rise to 3-Year High

November 29, 2011

Nov. 29 (Bloomberg) -- Belgium sold 1.02 billion euros of 3-month and 6-month treasury bills, less than initially planned even as demand rose, and the nation paid the most in three years to sell the six-month notes.

The debt agency in Brussels said it sold 502 million euros of three-month securities at an average yield of 2.185 percent, compared with 1.575 percent at the previous auction on Nov. 15. Demand for the three-month debt was 5.61 times the amount sold, up from 1.45 times two weeks ago.

Investors also bought 513 million euros six-month debt at an average yield of 2.438 percent, compared with 1.086 percent in the latest auction on Nov. 8. They put in bids for 2.76 times the amount sold, up from 1.85 times in the previous sale.

To contact the editor responsible for this story: John Martens at jmartens1@bloomberg.net


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