Belgium borrows almost 1.8 billion at negative rates

Belgium has raised 1.779 billion euros through treasury certificates at negative interest rates, the country’s Debt Agency announced on Tuesday.

This includes 1.075 billion euros from treasury certificates with a three-month maturity, at an average rate of -0.635%, and 0.704 billion euros from six-month certificates at a rate of -0.644%, the lowest rate for this category of certificate since February 2017.

Negative rates mean that the borrower, in this case the State of Belgium, will reimburse slightly less than the amount borrowed, when the certificates reach maturity.

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